US semiconductor stocks suffer heavy losses, Philadelphia Semiconductor Index drops over 7%

Odaily report: According to MSX.COM data, US semiconductor stocks fell collectively, with the Philadelphia Semiconductor Index down 7%. Individual stocks: Intel plunged 28.33%, AMD fell 9.64%, Qualcomm dropped 11.30%, SanDisk declined 11%, ARM fell 10.70%, Broadcom dropped 5.36%, Nvidia fell 3.56%, Micron Technology declined 5.01%, SK Hynix dropped 7.63%, and TSMC fell 5.33%.

Additionally, semiconductor equipment stocks also moved lower in tandem: Applied Materials fell 7.04%, Lam Research dropped 6.50%, and ASML declined 5.67%. The triple-leveraged semiconductor ETF (SOXL) fell over 24%.