Nasdaq Tech Index Falls Over 4.2%, Semiconductor Index Plunges 7.2%

The outsized drop in semiconductors relative to the broader Nasdaq points to a concentrated unwind rather than a uniform tech selloff, with chip names bearing the brunt of the pressure. The monthly figures matter more than the single session: a tech index down 6.65% and semis off more than 15% in October suggests the weakness has been building rather than arriving as a one-day shock. Whether the chip complex stabilizes relative to the wider index is the open question worth tracking.