ChipsQuartzabout 1 hour ago
Chip Stocks Slide as Short Sellers Profit
2 min read
Short sellers wagering against semiconductor stocks gained roughly $32 billion in paper profits over seven days as the Philadelphia Semiconductor Index fell over 12%. The index is on track for an eighth straight decline, its longest since 2006, while Broadcom CEO Hock Tan warned the sector may face funding constraints.
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