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Philadelphia Semiconductor Index Extends Losses to 5%; Lumentum -11.3%, GlobalFoundries -8%

Grade Abearish AI signal$ASMLON$NVDAON$SOXSON$SOXX$TSMON$SMH
The Philadelphia Semiconductor Index extended its decline to 5%, with losses spanning optical components, foundry, storage, test equipment, memory, chip design and AI computing names. Lumentum fell 11.3% and GlobalFoundries dropped 8%. Seagate Technology declined 7.9%, Teradyne fell 7.8%, Amphenol lost 7.3%, and Western Digital was down 7%. Skyworks and Micron each declined 6.9%. SK Hynix ADRs and Kioxia ADRs were both down 5.6%, while ASML fell 4.1%, Broadcom lost 3.1%, TSMC declined 2.6%, Nvidia fell 2.5%, and Synopsys was down 1.5%. The synchronized decline covered semiconductor equipment, memory, chip design and AI computing stocks, rather than a single-company move.

Bullish strength: 25/100

  • Potential oversold stabilization

Bearish strength: 75/100

  • Broad semiconductor selloff
  • AI valuation pressure

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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