The PHLX Semiconductor Index ($SOX) fell 7.9% to log its worst week in more than a year, driven by broad tech pressure where Broadcom ($AVGO) fell 11%, Advanced Micro Devices ($AMD) declined 2.9%, and South Korea’s SK Hynix ($000660) shed 3.3%. Index heavyweight Nvidia ($NVDA) slumped 8.6%, marking its worst week since April 2025 and erasing $439 billion in market value, while Palantir Technologies ($PLTR) also slid 12%. These widespread price hikes highlighted the mounting pressures confronting end users of memory chips, epitomized by Apple ($AAPL) shares falling more than 6% on Thursday in the stock’s worst single day in over a year, while Microsoft ($MSFT) briefly touched a 52-week low before rebounding. Even SpaceX struggled as shares of Elon Musk’s rocket company gave up their stratospheric gains, briefly dipping below their $150 IPO price on Friday before clawing back to close the session up 0.2% at $153.23 a share.
IMPRO:Dboy:[3:53:34 PM]:part of the end of the quarter reblance
IMPRO:Dboy:[3:53:51 PM]:has nothing to do with the FRYday expo
IMPRO:Dboy:[3:54:14 PM]:insane