Chip Stocks Near Bear Market Amid $3.3 Trillion Sell-Off
The PHLX Semiconductor Index (^SOX) is close to entering a bear market after falling below key technical levels, erasing about $3.3 trillion in global chip stock value since June 22. The sell-off has been driven by memory stocks like Micron and Samsung Electronics (005930.KS), despite Nvidia's stable performance.
Topics: semiconductors stock market decline technical analysis