Nasdaq 100 Extends Decline to 1.1% as Arm, Qualcomm Slide

Sep 28, 2026 10:11 ET · 1d ago · 3

TREE NEWS reports: The Nasdaq 100 fell as much as 1.1%, with Arm Holdings dropping 9.3% and Qualcomm 7.1% among index members. SanDisk lost 4.7%, while Intel, Western Digital, Lumentum and Marvell each fell at least 3.7%. The Philadelphia Semiconductor Index slid 2%. The S&P 500 was down 0.5%, the Dow 0.4% and the Nasdaq Composite 0.8%, with Nvidia up 2.5% and Nebius Group up 0.9%.

Original source

AI take

The dispersion is the story: chip-linked names sold off broadly while Nvidia and Nebius held gains, suggesting this is rotation within the semiconductor complex rather than a uniform exit from the theme. The Philadelphia Semiconductor Index's 2% drop, steeper than the broader Nasdaq 100's 1.1%, points to concentrated pressure in the equipment and component tier. Whether that gap between index heavyweights and the wider chip cohort persists, or converges, is the open question worth tracking.

Generated by AI for reference only.

Related News

2m ago US Treasury Auctions 6-Week Bills at 3.970%, Bid-to-Cover 2.82 3m ago Russia Strikes Dry Cargo Vessel in Black Sea 4m ago Germany’s DAX 30 Closes Up 0.12% at 25,405.74; French, UK Indexes Fall 4m ago STOXX 600 closes 0.02% lower at 638.57; Euro STOXX 50 up 0.44% 4m ago Nasdaq 100 turns lower 6m ago ICE December Cotton Futures Fall 4%, Break Below 80 Cents to Lowest Since July 30

Pitch us Feedback