Philadelphia Semiconductor Index falls over 2%; Intel drops 7.01%, AMD 5.50%

The dispersion inside this selloff is the real signal: losses are concentrated in Intel, AMD and Micron while Nvidia, Broadcom and Qualcomm hold slight gains, suggesting the move is less a broad semiconductor repricing than pressure on specific names. That split matters for anyone tracking how AI-related chip demand is being read versus the wider cyclical and memory side of the sector. Whether the weakness stays confined to those laggards or spreads to the index leaders is the open question worth watching.