Semiconductor sector sees widespread damage while broader market hits record highs

Price Action

โดย Yahoo Finance·Read original

Summary · why it matters

The semiconductor sector has suffered significant declines since the SOX index peaked on June 22, with only Mobileye in positive territory among its components over the past 25 trading days. The DRAM ETF, which is highly levered to Micron, has fallen 40%, while Micron itself is down by a third and SanDisk has more than halved. The SOX index broke below the 11,000 level before staging a modest recovery, but support may not be firm until around 8,000. In contrast, the equal-weighted S&P 500 hit a record high, rising over 1% on the day, signaling healthy market rotation away from semiconductors into other sectors.