Chip stocks extended losses, with Intel down 7%, Marvell off more than 5% and Nvidia slipping 0.7%, according to PANews.
The Philadelphia Semiconductor Index widened its decline to 2.5%, signaling broader weakness across major chip shares. Micron Technology and Arm each fell more than 8%, while Intel dropped 7%, Marvell Technology lost more than 5%, and Nvidia slipped 0.7%. The move points to risk-off pressure in a sector that investors often watch as a gauge of demand for artificial intelligence and broader technology spending.