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US Chip Stocks Plunge, Nasdaq 100 Slides 3%

6/24/2026

37 7 Full Breakdown

Summary

Story summary

US chip stocks fell sharply, pulling the Nasdaq 100 down 3% after an AI-related selloff that began in Asian markets.
The decline hit U.S. semiconductor makers hardest, with chip stocks bearing most of the loss and raising volatility for designers, manufacturers and suppliers.
Investors worry about supply-chain constraints and geopolitical risks, while analysts question whether the rapid AI boom can sustain such accelerated growth.

History

Historical Context

In January 2018 the United States launched tariffs on Chinese imports, marking the start of a trade conflict that later hit the semiconductor sector. The Biden administration kept those duties, added export bans and on March 29 2024 tightened rules on AI chips from firms such as Nvidia. That legacy friction now fuels today’s AI-driven selloff in Nasdaq-100 chip stocks.

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Story summary

US chip stocks fell sharply, pulling the Nasdaq 100 down 3% after an AI-related selloff that began in Asian markets.
The decline hit U.S. semiconductor makers hardest, with chip stocks bearing most of the loss and raising volatility for designers, manufacturers and suppliers.
Investors worry about supply-chain constraints and geopolitical risks, while analysts question whether the rapid AI boom can sustain such accelerated growth.

1 / 2