#ChipStocksFallOver12%

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About ChipStocksFallOver12%

On Nov 5, the S&P 500 fell 4.36% and the Nasdaq dropped 5.52%, wiping ~$3T off S&P 500 constituents’ market value. The Philadelphia Semiconductor Index sank over 12%, its biggest daily drop since March 2020. After the US midterms, concerns grew over tighter AI data center regulation, returns on heavy capex and high tech valuations. Media reports suggest institutional deleveraging may have amplified volatility. BTC and other crypto assets also declined.