Woofun AI reports that major U.S. stock indices opened lower on Friday, with technology shares declining broadly. The Philadelphia Semiconductor Index has retreated more than 20% from its historical closing high, a move that may signal a bear market entry. SK Hynix American Depositary Receipts fell below their $149 issuance price for the first time, while SpaceX saw its valuation drop 38% from its peak, erasing approximately $1 trillion in market capitalization. AMD, Intel, and TSMC shares declined by over 7%, 6%, and 5% respectively.

Analysts attribute the sustained pullback in chip stocks to shifting funding styles and changing market preferences.

Additionally, Federal Reserve Chairman Waller's expressed dissatisfaction with inflation levels has heightened market expectations for potential interest rate increases.