July 30, 2026

Nasdaq-100 is on the edge of correction territory as semiconductor stocks take another beating

 Nasdaq-100 is on the edge of correction territory as semiconductor stocks take another beating

After helping to drive major indexes such as the S&P 500 and Nasdaq Composite to record highs during the second quarter, semiconductor stocks took another beating on Tuesday.

Chip stocks have endured large selloffs before — the

DeepSeek-inspired selloff in January 2025, which prompted a major wipeout for Nvidia shares NVDA, was one notable example. But as semis have continued to move lower in July, this latest challenge is proving to be even more enduring. The PHLX Semiconductor Index SOX, a popular index of U.S.-traded semiconductor names, entered bear-market territory earlier this month, and has continued to move lower since. As of Tuesday, the index was off 24.5% from its late June record high.

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Author

  • Ramit Sethi

    Ramit Singh Sethi is an American author, entrepreneur, and media personality. He is the author of the 2009 New York Times Best Seller, I Will Teach You to Be Rich, host of the I Will Teach You To Be Rich podcast, and host of the 2023 Netflix series titled How to Get Rich.

Ramit Sethi

Ramit Singh Sethi is an American author, entrepreneur, and media personality. He is the author of the 2009 New York Times Best Seller, I Will Teach You to Be Rich, host of the I Will Teach You To Be Rich podcast, and host of the 2023 Netflix series titled How to Get Rich.

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