Major semiconductor and tech firms see sharp declines as cryptocurrency markets drop and US-Iran tensions escalate.
A swift downturn hit US technology stocks as cryptocurrency markets faced heavy selling and geopolitical risks with Iran increased. AMD fell 17%, Palantir dropped 14%, Micron lost 12%, and Broadcom declined 8%. Nvidia, Tesla, and Intel each slipped around 5%. The decline underscores market sensitivity to both macroeconomic and geopolitical pressures, as well as the growing link between tech equity performance and trends in the crypto market.