The Economic Times

Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) stocks plunge as US stock market crashes today: Dow, Nasdaq and S&P 500 turn red as chip selloff deepens What is driving Wall Street's sudden reversal?

US stock market crash today: The Dow, Nasdaq and S&P 500 are all trading in the red, while some of the biggest semiconductor stocks are losing ground. Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) are among the hardest hit, with Western Digital and Seagate also extending their losses. Qualcomm's weaker revenue and cautious outlook have added to concerns about chip demand. But why are AI and memory chip stocks falling so sharply?