On May 18, chip-related stocks in the U.S. equity market experienced a collective downturn, with the Philadelphia Semiconductor Index tumbling by 2.8%. Notably, Seagate Technology witnessed a sharp decline of over 7%, while SanDisk and Western Digital both plummeted more than 6%. Applied Materials also saw a significant drop, falling over 5%. Micron Technology and Qualcomm slipped by more than 3% each, and ASML and TSMC both declined by over 2%.
