The PHLX Semiconductor Index briefly broke below 11,000 on Tuesday, now down over 25% from its June peak, as a wave of selling swept through memory-chip names. The Roundhill Memory ETF fell roughly 11% and is down over 40% from its June high, with SK Hynix dropping to an all-time low in US trading and Micron Technology shedding over $450 billion in market value in July. Nvidia and Broadcom showed relative resilience, while the S&P 500 equal-weight index rallied 1% to a record high and nearly three-quarters of S&P 500 stocks remain higher in July. The S&P 500 advance-decline line also hit a record high, signaling that the chip sell-off remains contained to the sector ahead of the Federal Reserve rate decision and earnings from Microsoft, Meta, Amazon, and Apple.
Apple Inc.
Amazon.com Inc
Broadcom Inc
Microsoft Corporation
NVIDIA Corporation
Meta Platforms Inc.
