Semiconductor Stocks Drop 10% in Worst Session in Years

The iShares Semiconductor ETF falls 10% to $540, its worst day in years. Marvell, Micron, Intel, and AMD each drop 13% to 17% as investors exit after Broadcom's record $22.2B revenue and 143% AI chip revenue surge hit expectations. Broadcom shares fall 20% after missing $16B AI revenue guidance despite $30B AI bookings and $100B 2027 target.