US Semiconductor Sector Slump Deepens as Intel and Applied Materials Drop Sharply
2026-06-23 21:39

Data compiled by Woofun AI shows a persistent downtrend across the US semiconductor sector, characterized by widespread losses among major industry players. Intel (INTC.O) experienced a 9% decline, while Applied Materials (AMAT.O) fell by 9.7% and Marvell Technology Group (MRVL.O) dropped 9.2%. Other notable declines included Arm (ARM.O) at 8.5%, AMD (AMD.O) at 7.5%, and Qualcomm (QCOM.O) at 6.9%, alongside NVIDIA (NVDA.O) retreating 3.7% and Broadcom (AVGO.O) slipping 2.8%.

Concurrently, sector-specific exchange-traded funds reflected this broad weakness. The ISHARES Semiconductor ETF decreased by 6.9%, and the VANECK Semiconductor ETF fell 6.2%. The Roundhill Memory ETF saw the steepest decline among the tracked funds, dropping 13.5%, underscoring significant investor caution within the memory and broader chip manufacturing segments.

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