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US AI hardware stocks slump, with several falling more than 10%

NewsFeeds update

US AI hardware shares sold off broadly, with the Philadelphia Semiconductor Index down 7.25%. AMD fell 12.94%, Nvidia 5.33%, TSMC 6.99%, SanDisk 13.77% and Micron 10.78%, among others.

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The story so far: US semiconductor stocks slump

US chip stocks sold off on Oct 30, with Intel down 30% on weak guidance, and fell again on Nov 5 as the Philadelphia Semiconductor Index dropped. Nvidia CEO Jensen Huang's net worth fell $15.1bn as Nvidia shares dropped 9.26%. AXTI fell 10.1% over 24 hours to $40.52.

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  1. US AI hardware stocks slump, with several falling more than 10%

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