Philadelphia Semiconductor Index Falls 3% Intraday as Chip Stocks Slide

The breadth of the selloff matters more than the headline drop: declines spread across logic, memory, mobile and foundry names, while Nvidia's gain stood apart from its peers. That divergence suggests the pressure is not a single end-market story but a repricing across the group, with the AI leader temporarily insulated. Whether Nvidia's relative strength persists, or the weakness broadens to pull it down too, is the open question worth watching.