Nasdaq 100 Falls Over 2% as Chip Stocks Slump; Teradyne Down 9.3%

The breadth of the selloff matters more than the headline index move: equipment makers like Teradyne, Lam Research and Applied Materials are falling alongside chip designers and hyperscalers, suggesting the pressure is running through the entire semiconductor supply chain rather than a single earnings miss. That clustering points to a sector-wide repricing of AI infrastructure exposure, which hits anyone holding broad tech or semis-heavy exposure. The lone green name, Thomson Reuters, hints at rotation rather than outright risk-off. Whether equipment names keep leading the downside, or stabilize relative to designers, is the open question.