US semiconductor sector suffers sharp selloff, SanDisk drops over 8%

According to MSX.COM data, the US semiconductor sector fell sharply, with the Philadelphia Semiconductor Index down 5.67%. Among individual stocks, Intel dropped over 26%, AMD fell over 10%, SanDisk declined 8.38%, SK Hynix slid 6.93%, Micron Technology fell 5%, Nvidia dropped 2.51%, and TSMC declined 3.69%. Memory and semiconductor equipment stocks came under broad pressure, with the triple-leveraged semiconductor ETF (SOXL) falling over 20%.