Semiconductor Stocks Plunge as Nasdaq Drops 0.8%
Micron, AMD, and Intel fell 4–5% Tuesday, outpacing the Nasdaq's modest decline. The VIX remained relatively calm at 15.97.
Micron, AMD, and Intel fell 4–5% Tuesday, outpacing the Nasdaq's modest decline. The VIX remained relatively calm at 15.97.
The Session Breakdown
The Nasdaq Composite finished at 25,832.67, down 0.8%—or 207.36 points. The decline was led by weakness in semiconductor stocks.
Where the Damage Hit Hardest
Three semiconductor names saw outsized losses: Micron Technology (MU) dropped 5.5%, Advanced Micro Devices (AMD) fell 4.3%, and Intel (INTC) declined 5.3%. These moves exceeded the broader index decline, signaling sector-specific selling.
Volatility Stayed Subdued
The VIX, a gauge of expected near-term market swings, fell 1.1% to 15.97, even as stocks retreated. The combination suggests measured position-trimming rather than broad panic.