On July 27, the U.S. stock chip sector witnessed a substantial downturn, as evidenced by the Philadelphia Semiconductor Index, which plummeted by roughly 5%. Notably, AMD's stock tumbled more than 8%, Nvidia's shares slumped over 7%, and Intel's value diminished by nearly 4%. Furthermore, the stock prices of other chip giants, including TSMC, Broadcom, and ASML, also experienced a downturn. Particularly hard-hit were memory sector stocks, such as Micron Technology and SK Hynix, which saw significant declines.
