The Intel stock collapse is getting worse and the $3.5 trillion chip rout is spreading
FROM THE WIRE · FINANCE.YAHOO.COM
Wall Street is mostly sweeping up last week's tech wreckage Monday. Chip stocks keep tracking mud back through the house. About 7 in 10 S&P 500 stocks are rising, yet nearly every chip stock is in the red, and the group has shed more than $300 billion in market value in a single…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA broad chip selloff that erased over $300 billion in market value in one session weighs on the whole tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel is sliding after its worst day since 1974, recorded on Oct. 30.
- 02Nearly every chip stock is in the red while about 7 in 10 S&P 500 stocks are rising.
- 03Micron, Sandisk, Seagate and Western Digital, the memory and storage leaders of this year's chip boom, are also under pressure.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Intel Corp.59.97 USDMarket closedtoday -8.80%Negative Micron Technology, Inc.833.59 USDMarket closedtoday -5.78%Negative NVIDIA Corporation202.06 USDMarket closedtoday -1.26%Negative S&P 5007,542.32Market closedtoday -0.50%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets