Saturday, 6 June, 2026
Silicon Stumble: $1.3 Trillion Vaporized in Semiconductor Meltdown
By TechShots Studio
US-traded chipmakers suffered a massive rout, wiping out $1.3 trillion in market value over two sessions. The Philadelphia Semiconductor Index plunged 10.3% in its worst single-day drop since the 2020 pandemic. Triggered by Broadcom’s weak custom AI chip guidance and strong economic data stoking interest rate fears, heavyweights like Nvidia, Micron, and AMD led the crash as investors aggressively locked in profits on high-flying tech stocks.
Read full story at REUTERS