On Friday, the Philadelphia Semiconductor Index fell about 5% intraday, breaking below 10,000. AMD dropped roughly 9.5%, Broadcom and Intel about 6% each, and Nvidia nearly 4%; inflation was the trigger.
AI Semiconductor Stocks Slide as Inflation Triggers Sell-OffAI News
On Friday, the Philadelphia Semiconductor Index fell about 5% intraday, breaking below 10,000. AMD dropped roughly 9.5%, Broadcom and Intel about 6% each, and Nvidia nearly 4%; inflation was the trigger.