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      Nasdaq Composite Declines as Semiconductor Stocks Suffer Significant Losses

      The Nasdaq Composite fell approximately 1.3% on Monday, primarily driven by a sharp decline in semiconductor stocks. The PHLX Semiconductor Index, a key indicator for the chip sector, experienced a drop of up to 5% intraday, impacting the broader technology market.

      Major semiconductor companies faced significant losses, with Nvidia, Taiwan Semiconductor Manufacturing Company (TSMC), and Broadcom each declining by more than 2%. Micron Technology saw a 5% drop, while Intel's shares fell by 6%. Other memory chip manufacturers, including Sandisk and SK Hynix, also experienced declines around 6%. Since late June, US-traded chipmakers have collectively lost over $3 trillion in market value.

      The downturn is attributed to rising Treasury yields, with the 10-year yield surpassing 4.72% and the 30-year yield exceeding 5.3%. Additionally, increasing oil prices have heightened inflation concerns, contributing to a risk-off sentiment in the tech sector. This volatility in semiconductor stocks has been ongoing since mid-2026, as high valuations based on artificial intelligence narratives clash with macroeconomic realities, including disappointing earnings and persistent inflation.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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