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Micron, SoftBank and ASML slide as chip rout spreads
Original: Micron, SoftBank and ASML slide as Wall Street chip rout spreads
Shares of Micron, SoftBank and ASML fell on Wall Street as a sell-off in semiconductor stocks broadened beyond individual names. The declines suggest investors are pulling back across the chip sector, hitting memory makers, equipment suppliers and tech investors alike. Traders are watching whether the rout marks a deeper correction in stocks that had driven much of this year's technology rally.
Why now: A broadening semiconductor sell-off is rattling investors who had bet heavily on chip stocks.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2090427