US Stocks Move | Philadelphia Semiconductor Index Drops Over 4%, Nvidia Falls Over 4% After Earnings, Dragging the Sector Lower
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Glonghui, February 26｜The Philadelphia Semiconductor Index fell more than 4%. Despite Nvidia reporting strong earnings and guidance, its shares still cooled off and dropped over 4%, dragging down the semiconductor sector. Applied Materials fell more than 6%, Broadcom and ASML dropped over 5%, Micron Technology, Intel, and TSMC fell over 4%, while AMD and ON Semiconductor dropped over 3%. (Glonghui)
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