Woofun AI reports that major US stock indexes opened lower on Friday, with broad declines across technology sectors. The Philadelphia Semiconductor Index fell more than 20% from its historical peak, while SK Hynix ADRs broke below their $149 issue price for the first time. SpaceX saw its valuation drop 38% from the peak, erasing approximately $1 trillion in market capitalization. AMD, Intel, and TSMC shares declined by over 7%, 6%, and 5% respectively.

Federal Reserve Chairman Walsh’s comments on inflation heightened rate hike expectations, a sentiment reinforced by other officials’ hawkish signals. US Representative Logan explicitly called for a rate increase, while Representative Schneider warned of potential inflation acceleration.

Meanwhile, uncertainty regarding potential US-Iran conflict dampened risk-on sentiment. Analysts attribute the chip sector correction to shifts in investment strategies rather than fundamental factors alone.