# Chip Stocks Drop 8 Days Straight

> Semiconductor stocks lost 8 days in a row, their longest slide since 2008.
- Title: Chip Stocks Drop 8 Days Straight · 24/7 Wall St. | Shortify
- Summary: Semiconductor stocks lost 8 days in a row, their longest slide since 2008. Semiconductor stocks fell 8 days straight, their longest losing streak since 2008…
- Keywords: semiconductor stocks, nasdaq, soxx fund, amd, nvda, ai spending, capital spending, Chip, Stocks, Drop, Days, Straight
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/17/chip-stocks-just-fell-8-days-in-a-row-their-longest-losing-streak-since-2008
- Author: Omor Ibne Ehsan
- Published: 2026-10-17T16:15:20+00:00
- Read time: 1 min
- Topics: semiconductor stocks, nasdaq, soxx fund, amd, nvda, ai spending, capital spending
## Semiconductor Stocks Drop
Semiconductor stocks just logged their longest losing streak in nearly two decades.
## 8-Day Losing Streak
The Philadelphia semiconductor index fell 3.8% on October 16, 2026, its eighth straight losing session.
## Nasdaq 100 Drops
The Nasdaq 100 fell 2.5% on October 16, 2026, and tech stocks lost more than a trillion dollars in value.
## Soxx Fund Declines
The iShares Semiconductor ETF (NASDAQ:SOXX) fell 4.14% to $493.39, down 16% since October 6.
## Chip Designers Fall
Advanced Micro Devices fell 5.95%, Intel lost 5.79%, and Micron Technology dropped 5.63%.
## Equipment Makers Drop
KLA dropped 5.00%, Lam Research 4.87%, and Applied Materials 4.82%.
## Nvidia Slides Less
Nvidia slid only 1.43% despite the broader selloff.
## AI Spending Concerns
Investors doubt AI spending will pay off, with oil prices and interest rates driving the selloff.
## Key takeaway

Semiconductor stocks fell 8 days straight, their longest losing streak since 2008, driven by AI spending concerns.