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Nasdaq Drops 1.6% on Tech Rout; Analyst Eyes SK Hynix, Samsung Response

2026-07-03 01:49:39

US5000.39%

According to analyst degentrading on July 3, leading technology stocks experienced a sharp selloff described as one of the most severe since the dot-com bubble, declining roughly 24% overall. Nasdaq 100 closed 1.6% lower, while the S&P 500 saw only marginal losses, yet sector rotation beneath the surface was extreme. Apple rose 4.64% against the trend, signaling substantial losses in the semiconductor sector. The analyst highlighted a 14% drop in SanDisk and flagged the upcoming trading performance of SK Hynix and Samsung Electronics in the Korean market session as a key indicator.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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