ChipsQuartzabout 2 hours ago
Chip stocks erase $1 trillion in selloff
2 min read
Chip stocks are on pace to lose over $1 trillion in market value as the Philadelphia Semiconductor Index slid 3.1% in Wednesday trading. The index is down close to 10% over six sessions, with Arm Holdings stock tumbled nearly 20%, Applied Materials stock gave up about 15% and Intel stock dropped 11%.
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