US semiconductor stocks fell across the board, with AMD and SanDisk dropping more than 10%.

US semiconductor stocks fell across the board, with the Philadelphia Semiconductor Index dropping 5.68%. AMD fell 10.23%, SanDisk fell 10.90%, Qualcomm fell 10.33%, Arm fell 9.46%, Western Digital fell 9.59%, and Seagate Technology fell 9.56%. Micron Technology fell 7.43%, SK Hynix fell 7.21%, Nvidia fell 3.96%, TSMC fell 5.40%, and Broadcom fell 4.87%. The 3x Long Semiconductor ETF fell 18.22%.