On May 12, the Nasdaq Composite Index witnessed a 1.47% decline, while the Philadelphia Semiconductor Index's downturn deepened, plummeting by a notable 5%. Share prices of industry giants such as Nvidia, TSMC, Broadcom, Micron Technology, Advanced Micro Devices, Intel, and ASML all experienced a downward trend. Notably, Qualcomm's stock took a significant hit, plummeting by over 11%.