S&P 500 falls on global chip rout with Nasdaq off more than 1%, led by Micron: Live updates
A global sell-off in chip and AI-linked stocks has dragged down the S&P 500 and Nasdaq Composite. Market declines are driven by bubble fears and doubts over AI spending. Micron, Nvidia, and Alphabet are among the stocks leading the decline.
What changed
The update specifies the sell-off includes semiconductor and AI-linked stocks.
Live updates
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S&P 500 and Nasdaq Fall Amid Global Chip Sell-Off
confidence 90%A global sell-off in chip and AI-linked stocks has dragged down the S&P 500 and Nasdaq Composite. Market declines are driven by bubble fears and doubts over AI spending. Micron, Nvidia, and Alphabet are among the stocks leading the decline.
What's confirmed:
- A global sell-off in chip stocks has dragged down the S&P 500 and Nasdaq Composite.
- Market declines are driven by doubts over AI spending and bubble fears.
Still unconfirmed:
- The iShares Semiconductor ETF plunged 4.67% while the S&P 500 was nearly flat due to memory supply concerns.
- The Dow Jones Industrial Average rose 87.33 points, or 0.17 per cent, to 51,936.23.
- The Nasdaq Composite lost 4% on a Friday in June 2026, its biggest decline since early 2025.
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S&P 500 and Nasdaq Fall Amid Global Chip Stock Rout
confidence 85%A global sell-off in chip stocks has dragged down the S&P 500 and Nasdaq Composite. Market declines are driven by doubts over AI spending and bubble fears. Micron, Nvidia, and Alphabet are among the stocks leading the decline.
What's confirmed:
- The S&P 500 and Nasdaq Composite both declined.
- Micron, Nvidia, and Alphabet led the tech sell-off.
- The S&P 500 fell 1.30% to 7,375.52.
- The Nasdaq dropped 1.91% to 25,667.42.
- Micron shares fell 11.4% to $1,074.60.
Still unconfirmed:
- The South Korean market plunged 10%.
- Nasdaq futures fell 2% on Fed hike bets.
- A SpaceX slide led the intensification of the global tech sell-off.