Nasdaq 100 falls 2.4%, semiconductor index drops over 5.8%

The outsized drop in the semiconductor index relative to the broader Nasdaq 100 signals that chip names are bearing the brunt of this tech selloff rather than moving in lockstep with the sector. That divergence matters because semiconductors sit upstream of much of the AI and data-center narrative that has driven tech valuations, so their underperformance can flag where positioning is most crowded. The open question is whether the chip weakness stays contained to that subsector or spreads into the wider technology complex in the sessions ahead.