TREE NEWS reports: The Nasdaq fell 1.2% in early US trading, with the Philadelphia Semiconductor Index down 5.5%. Super Micro dropped about 9%, Intel and SK Hynix about 7%, ASML and Micron about 6%, and Nvidia about 4%. Memory-chip and optical-communications stocks fell broadly: Corning lost about 10%, Coherent about 9%, Marvell and Lumentum about 8%, and Credo about 6%. The Dow slipped 0.25% and the S&P 500 0.7%.
Nasdaq Falls 1.2% as Philadelphia Semiconductor Index Drops 5.5%
AI take
The selloff is concentrated in semiconductors rather than the broad market, with the Dow's far smaller decline showing this is a sector-specific repricing, not a macro risk-off move. Memory and optical-communications names — Corning, Coherent, Marvell, Lumentum, Credo — are falling alongside chipmakers, which points to a supply-chain-wide de-rating rather than a single-company story. Whether the weakness stays confined to semis or spreads into the wider tech complex is the open question.
Generated by AI for reference only.
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