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via finance.yahoo.comMarkets

Chip sector falls nine straight days, with SOXX down 11.8% last week

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investors keep selling chip stocks. The iShares Semiconductor ETF fell 11.8% last week. It has now declined for nine straight days—its longest losing streak since 2006. The…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe longest losing streak since 2006 hits semiconductors, chip equipment and memory, key AI sectors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The iShares Semiconductor ETF fell 11.8% last week.
  2. 02Applied Materials fell 19.3% and Lam Research dropped 17.2%.
  3. 03Micron lost 14.6% as fears of slowing AI spending grow.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Applied Materials, Inc.AMATStock417.69 USD-1.13%today +2.05%Negative Lam Research CorporationLRCXStock275.59 USD-0.38%today +4.41%Negative Micron Technology, Inc.MUStock904.83 USD-0.80%today +2.96%Negative NVIDIA CorporationNVDAStock217.83 USD-0.16%today +1.73%Negative ASML Holding N.V.ASMLStock1,667.57 USD-0.45%today +1.59%Negative iShares Semiconductor ETFSOXXETF504.67 USD-0.66%today +2.29%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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