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Philadelphia semiconductor index falls 7% as chip stocks slump

NewsFeeds update

US chip stocks fell sharply, with the Philadelphia Semiconductor Index down 7%. Intel dropped 28.33%, Qualcomm 11.30%, ARM 10.70%, AMD 9.64%, Micron 5.01%, Broadcom 5.36%, Nvidia 3.56% and TSMC 5.33%, while the triple-leveraged SOXL ETF fell more than 24%.

MacroOdailyAINeutral

Read the original on Odaily

The story so far: US semiconductor stocks slump

US chip stocks fell on Oct 30, with Intel down 24.2% premarket and AMD down 6.6%. The Philadelphia Semiconductor Index dropped 6%, then 7%, and the selloff deepened with Intel down 30% and Nvidia's market value falling below $5tn.

  1. Chip stocks fall in US premarket trading, with Intel down 24.2%

    US chip stocks fell in premarket trading, with Intel down 24.2%, Arm down 7.9%, AMD down 6.6%, Marvell down 4.9% and Applied Materials down 4.8%, among others.

    MacroChainCatcherAINeutral

  2. AMD shares fall 10.14% in intraday trading to $509.19

    AMD stock dropped 10.14% during the session and was trading at $509.19, according to Binance market data.

    MacroPANewsAIBearish

  3. US semiconductor stocks slump as Philadelphia index falls 5.67%

    The Philadelphia Semiconductor Index fell 5.67%, with Intel down over 26%, AMD over 10%, SanDisk 8.38%, SK Hynix 6.93%, Micron 5%, Nvidia 2.51% and TSMC 3.69%. The triple-leveraged SOXL ETF dropped more than 20%.

    MacroOdailyAINeutral

  4. Philadelphia Semiconductor Index falls 6% as chip shares slide

    The Philadelphia Semiconductor Index dropped 6%, with Intel down 29.6%, ARM 10.18%, AMD 9.48%, Broadcom 5.04%, Micron 4.46%, TSMC 3.83% and Nvidia 3.24%.

    MacroPANewsAINeutral

  5. Intel results drag chip stocks lower as AI trade worries return

    Intel's weak results and outlook, alongside Amazon's miss, renewed doubts over AI investment and hit semiconductor shares. Intel fell nearly 30%, AMD about 10% and Micron 5.5%, with Applied Materials and Lam Research also down.

    AIOdailyAINeutral

  6. Philadelphia semiconductor index falls 7% as chip stocks slump

    US chip stocks fell sharply, with the Philadelphia Semiconductor Index down 7%. Intel dropped 28.33%, Qualcomm 11.30%, ARM 10.70%, AMD 9.64%, Micron 5.01%, Broadcom 5.36%, Nvidia 3.56% and TSMC 5.33%, while the triple-leveraged SOXL ETF fell more than 24%.

    MacroOdailyAINeutral

  7. US chip stocks slump as Intel falls 30% and Nvidia loses $5tn market value

    US semiconductor stocks sold off on 30 October, with Intel down 30% after fourth-quarter guidance below expectations and Nvidia down 3.3%, taking its market value below $5tn. The Philadelphia Semiconductor Index fell 5.7%, AMD about 10% and Arm 9.5%, while the Nasdaq 100 dropped as much as 3%.

    MacroChainCatcherAINeutral

More Macro updates

  1. Musalem says early rate rises would cut risk to the wider economy

    MacroOdailyAIBearish

  2. Daly says AI matters for near-term Fed policy making

    MacroOdailyAINeutral

  3. Dollar rebounds briefly to 157.5 yen, down 0.2% over 24 hours

    MacroOdailyAINeutral

Every Macro update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.