---
title: "U.S. chip stocks sold off, SK Hynix ADR fell 9.7%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292931052.md"
description: "U.S. Wall Street chip stocks fell sharply for the second consecutive day on Thursday. SK Hynix ADR plummeted by 9.7% at one point, while stocks such as Sandisk, Seagate Tech, and Western Digital all dropped by over 8%. The Philadelphia Semiconductor Index retreated by 4.3%, and shares of tech giants like NVIDIA, Arm, Micron Tech, Intel, and Qualcomm also generally declined, reflecting a broad sell-off in the market"
datetime: "2026-07-16T16:25:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292931052.md)
  - [en](https://longbridge.com/en/news/292931052.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292931052.md)
generator: "portal-rs"
---

# U.S. chip stocks sold off, SK Hynix ADR fell 9.7%

U.S. Wall Street chip stocks fell sharply for the second consecutive day on Thursday, with SK Hynix American Depositary Receipts (ADR) (stock code: SKHY) plunging 9.7% at one point, hitting a low of $159.37.

Sandisk's current stock price dropped 10.84%, trading at $1439.88; Seagate's decline widened to 8.5%, trading at $757.71; Western Digital plummeted 9.3%, trading at $466.11.

The Philadelphia Semiconductor Index is currently down 4.3%, at 11,866 points. NVIDIA's stock price decreased by 2.7%, trading at $206.7. Arm ADR fell 8.5%, Micron retreated 6.2%, Intel dropped 5.3%, and Qualcomm declined 3.6%

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**