The sector has dropped over 20% from its June all-time high, meeting the standard definition of a bear market and signaling a sharper downturn in a key technology segment.
Semiconductor stocks have entered a bear market after falling more than 20% from their June all-time high. The move meets the conventional threshold for a bear market, a market label used when an index or sector declines at least 20% from a recent peak. The slide points to a deeper pullback in a closely watched part of the technology market.