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Home/News Feed/Chip stocks dip after strong 2026 gains, but fundamentals suggest current selloff is likely a rotation, not a downturn.
SOXX
$539.99
-$62.73 -10.41%

Chip stocks dip after strong 2026 gains, but fundamentals suggest current selloff is likely a rotation, not a downturn.

Market News
12 May 2026
24/7 Wall Street
View Source
Neutral
pluang ai news

After a strong rally in 2026, semiconductor stocks like SOXX, AMD, and Intel saw a sharp intraday drop, with Intel falling nearly 7%. This selloff differs from past downturns in 2018 and 2022, which were driven by demand slowdowns and inventory gluts. Current fundamentals remain strong, with Nvidia and AMD reporting significant revenue growth and positive outlooks, indicating the chip cycle is mid-phase rather than in decline. Investors should watch upcoming earnings for signs of demand shifts, but history suggests this dip is likely a temporary rotation rather than a sustained selloff.

More News (SOXX)

2x leveraged semiconductor ETF drops 17% on AI growth concerns and strong jobs data

2x leveraged semiconductor ETF drops 17% on AI growth concerns and strong jobs data

The ProShares Ultra Semiconductors ETF, which aims to deliver twice the daily return of the semiconductor index, fell about 17% on June 5, 2026, after Broadcom's cautious Q3 AI revenue guidance and a stronger-than-expected jobs report triggered a sel...

Market News
Bearish
9 hours ago
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