On July 7, the Philadelphia Semiconductor Index kicked off the trading day with a 4% decline. The downward trend persisted and intensified throughout the session, culminating in a 7.03% drop by the closing bell. Notably, individual stocks within the index experienced significant volatility: Nvidia's share price dipped by 1.93%; TSMC witnessed a 2.94% decrease initially, which later expanded to a 4.85% slump; Broadcom's stock declined by 0.62% at first, then extended its losses to 2.78%. Similarly, Micron Technology's shares tumbled 6.77% initially, eventually widening to an 8.78% fall; AMD's stock price dropped 5.98% at the start, later deepening to an 8.05% decline; ASML's shares fell 4.14% initially, then widened to a 5.66% decrease; Intel's stock experienced a 6.26% drop at first, later expanding to a staggering 10.68% decline; and ARM's share price declined by 2.9% initially, later widening to a 6.76% decrease.