US stocks' chip and semiconductor sector collectively declined, with the Nasdaq Composite Index pulling back below 26,000 points

Odaily reported that according to msx data, the Nasdaq Composite Index fell below 26,000 points, last reported at 25,999.41 points, down 1.05% intraday.

The chip and semiconductor sector saw a collective decline, with Nvidia's stock price falling 0.6%, TSMC's stock price dropping 2.67%, Broadcom's stock price declining 1.52%, Micron Technology's stock price falling 6.08%, AMD's stock price dropping 3.06%, Intel's stock price falling 7.01%, ASML's stock price declining 3.63%, and Qualcomm's stock price expanding its decline to 10%, following three consecutive days of sharp gains.