[U.S. Chip Stocks Lose $2 Trillion in 8 Days, Marking Longest Losing Streak Since 2008]
U.S. chip stocks saw their market value evaporate by approximately $2 trillion over 8 trading days, marking the longest losing streak since 2008. The Philadelphia Semiconductor Index fell more than 11% last week but rebounded on Monday. The 10-year U.S. Treasury yield opened at 5.10% on Monday, with inflation data exceeding expectations. Minutes from the Federal Reserve's September meeting indicated that most officials believe one more rate hike in 2026 might be appropriate. The CNBC Investment Committee panel was divided on the sell-off, with some members suggesting that high yields are suppressing neocloud computing power leasing companies, while others viewed hedge fund reductions in chip stocks as a healthy adjustment. (Sources: BeInCrypto, Schwab, CNBC)
