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Semiconductor Stocks Plunge 10.3% on June 5, Wiping Out $1.3 Trillion in Market Value

2026-06-07 00:37:11

According to U.S. market data, the Philadelphia Semiconductor Index (SOX) plunged 10.3% on June 5, marking the largest single-day decline since March 2020 when the COVID-19 pandemic struck global markets. The selloff was triggered after Broadcom reported earnings that, while beating expectations, failed to satisfy investors' high expectations for its custom AI chip business growth, prompting a broad retreat from AI-related stocks. Micron Technology dropped 13.3%, Intel fell 11.3%, and AMD declined 10.9%, as semiconductor sector shares lost approximately $1.3 trillion in market capitalization.

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