Philadelphia Semiconductor Index Falls for Fifth Consecutive Trading Day
July 29 news, the Philadelphia Semiconductor Index fell more than 2%, marking the fifth consecutive trading day of decline, with a cumulative drop of over 13%, hitting a new low since early May. Among the constituent stocks, KLA Corporation fell over 5%, Applied Materials and NXP Semiconductors dropped over 4%, AMD, TSMC, ASML fell over 2%, and NVIDIA, Micron Technology, Intel fell nearly 2%.
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