AI Sell-Off Sends Semiconductor Index Down 6% and Nvidia Falls 3%
NVDA•US stocks resumed a broad sell-off in AI-related names, dragging the Nasdaq Composite 2.2% lower and the S&P 500 down 1.3%. A semiconductor index slid almost 6% as Nvidia fell nearly 3%, Marvell dropped 12% and Broadcom lost over 4%, while the VIX jumped 15%.
1. Market Sell-Off Resumes
US equity markets turned lower on Tuesday as investors took profits in technology names, pushing the Nasdaq Composite down 2.2% and the S&P 500 down 1.3%. The Dow Jones Industrial Average fell 0.5%, reflecting its lighter tech weighting.
2. Semiconductor Stocks Plummet
Semiconductor companies led the decline, with a key chip index sliding almost 6%. Nvidia shares fell nearly 3%, Marvell sank 12% and Broadcom lost over 4%, driven by profit-taking after recent rallies in AI and data-center demand forecasts.
3. Volatility and Macro Factors
The VIX spiked 15% as traders braced for further volatility. Brent crude fell 2.8% to $91.64 per barrel and US oil declined 3.5% to $88.11, while the 10-year Treasury yield eased slightly below 4.5%, offering mixed signals on inflation and growth.
