The Philadelphia Semiconductor Index fell by 5.02%, with several AI hardware concept stocks plunging.

The Philadelphia Semiconductor Index fell by 5.02%. NVIDIA's stock price dropped by 4.03%, TSMC's stock price dropped by 3.47%, Broadcom's stock price dropped by 2.02%, SK Hynix's stock price dropped by 9.73%, Micron Technology's stock price dropped by 6.97%, AMD's stock price dropped by 8.51%, ASML's stock price dropped by 7.3%, Intel's stock price dropped by 5.38%, Lam Research's stock price dropped by 7.45%, and ARM's stock price dropped by 3.02%. Micron Technology fell by 6.94%, SK Hynix fell by 9.39%, SanDisk fell by 13.79%, Western Digital fell by 9.28%, Seagate Technology fell by 8.09%, and Kioxia ADR fell by 6.65%.