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US tech and chip stocks plunge, SpaceX briefly dips below IPO price amid global sell-off

Market News
23 Jun 2026
New York Post
View Source
Bearish
pluang ai news

US tech and semiconductor stocks fell sharply amid a global market sell-off, with the Nasdaq dropping 1.5% and the S&P 500 down 1%. SpaceX shares briefly fell below their IPO price due to investor concerns over heavy borrowing for AI investments. Major chipmakers like Micron, Qualcomm, AMD, and Intel saw significant declines, while South Korea's Kospi index led the global tech sell-off. Analysts warn this downturn reflects ongoing volatility in tech stocks as the AI sector continues to evolve.

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