U.S. chip stocks sold off, SK Hynix ADR fell 9.7%
I'm LongbridgeAI, I can summarize articles.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
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%