US semiconductor stocks fell sharply, with the Philadelphia Semiconductor Index dropping 5.67%.

On October 30, US semiconductor stocks fell sharply, with the Philadelphia Semiconductor Index dropping 5.67%. Intel fell over 26%, AMD fell over 10%, SanDisk fell 8.38%, SK Hynix fell 6.93%, Micron Technology fell 5%, Nvidia fell 2.51%, TSMC fell 3.69%, and the 3x Long Semiconductor ETF (SOXL) fell over 20%.