More pain ahead for semiconductors and big tech

Technology and especially semiconductor manufacturers are going through a tough time. This difficult period has recently resulted in turbulent stock market sessions.

The outcome of the last five sessions on Wall Street, for example, has been particularly brutal for both sectors.

Take the manufacturers of microprocessors or chips. Four of the largest US chipmakers by market capitalization – Nvidia (NVDA) – Get the NVIDIA Corporation reportIntel (INTC) – Get Intel Corporation reportAMD (AMD) – Get Advanced Micro Devices, Inc. and micron (MU) – Get the report from Micron Technology, Inc. – together lost nearly $110 billion in market value (share value times total shares outstanding) in one week. But the biggest drop is attributed to Nvidia, the company known for its graphics chips for games and artificial intelligence.


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