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ChipsWolf Streetabout 6 hours ago
Semiconductor Stocks Roll Over, Micron & Broadcom Tank 20% in 2 DaysSemiconductor stocks plummeted, with Micron and Broadcom leading the decline, tanking 20% in two days and wiping out $450 billion in value. The collapse is attributed to the semiconductor industry's overvaluation and the impending share sales by tech giants like Alphabet and Meta. These companies plan to raise billions by selling new shares at stratospheric valuations, reversing the liquidity flow that had fueled the market's growth.
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