BUZZ-US chip rally stalls as broader markets slide
NVIDIA Corporation NVDA | 0.00 | |
Intel Corporation INTC | 0.00 | |
Micron Technology, Inc. MU | 0.00 | |
Advanced Micro Devices, Inc. AMD | 0.00 | |
PHLX Semiconductor SOX | 0.00 |
** U.S. chipmakers slide after recent surge to record highs as inflation worries seep into broader markets .N
** The Philadelphia SE Semiconductor index .SOX falls 3.1%, having touched an all-time high on Thursday
** Strong performers in recent days: Intel INTC.O down 6%, U.S.-listed shares of Arm ARM.O 7.3%, Micron Technology MU.O 5.2%, Nvidia NVDA.O 3.7% and Advanced Micro Devices AMD.O 3.8%
** SOX has surged about 65% this year, supported by bullish earnings expectations as demand for AI infrastructure booms
** However, eye-popping gains in some of the stocks have raised concerns about valuations
** Shares on loan to shortsellers across U.S. semiconductor stocks climbed 34.5% this year through May 12 to 728 mln shares - the highest level in two years, data from research firm DataLend showed