The Philadelphia Semiconductor Index may record its largest single-day drop since March 2020

According to data from the Gate stock platform, the Philadelphia Semiconductor Index may record its largest single-day drop since March 2020, currently down 11.48%. Semiconductor and storage stocks are leading the market decline.

Seagate (STX) fell 13.71%; Western Digital (WDC) fell 15.26%; SanDisk (SNDK) fell 17.04%; Micron (MU) fell 13.20%; NVIDIA (NVDA) fell 7.23%; Intel (INTC) fell 7.01%; Advanced Micro Devices (AMD) fell 13.53%.