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Philadelphia Semiconductor Index falls 4.2% as AMD drops more than 8%

NewsFeeds update

The Philadelphia Semiconductor Index extended its decline to 4.2%, with AMD down more than 8%, Marvell, Broadcom and Arm each down over 5%, Intel down 4.4%, Micron down 4% and Nvidia down 2.5%.

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The story so far: US semiconductor stocks slump

US chip stocks sold off on Oct 30, with Intel down 30% and Nvidia falling below a $5tn market value. On Nov 13 chip stocks fell again, with the Philadelphia Semiconductor Index down 4.2% and AMD off more than 8%; the index then extended its decline to 5%, with AMD down 9.2% and Nvidia down 3.3%.

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  1. Philadelphia Semiconductor Index falls 4.2% as AMD drops more than 8%

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