From 24/7 Wall St. · Omor Ibne Ehsan · · 1m 10s
Chip Stocks Drop 8 Days Straight
Semiconductor stocks lost 8 days in a row, their longest slide since 2008.
In brief
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, driven by AI spending concerns. Originally reported by 24/7 Wall St..
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.
The takeaway
Semiconductor stocks fell 8 days straight, their longest losing streak since 2008, driven by AI spending concerns.
