US chip stocks set to wipe out $2 trillion after latest selloff
SMH•US semiconductor stocks were set to lose $2 trillion in market value on Thursday as the selloff continued. The Philadelphia SE Semiconductor index fell 3.3%, bringing its losses over six sessions to $1.64 trillion.
1. Selloff deepens
US semiconductor stocks were set to lose $2 trillion in market value on Thursday amid rising bets of an interest-rate hike and concerns over the cost of the AI buildout. The Philadelphia SE Semiconductor index was last down 3.3%, adding to a $1.64 trillion wipeout over the past six sessions.
