Chip and AI-hardware rout pulls Nasdaq 100 down 1.54% as SOXX sinks more than 6%
AI Market Summary
US equities weakened as a sharp selloff in semiconductors and AI-infrastructure names (SOXX -6%+, multiple chipmakers -7%+) dragged the Nasdaq 100 lower, outweighing strength in select mega-cap software and Meta. Softer ADP and ISM manufacturing data reinforced growth caution, while easing factory price pressures and dovish Fed commentary limited downside. Progress in Iran talks pushed WTI to a multi-month low, adding to cross-asset risk repricing.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT-0.10%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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U.S. semiconductor shares sold off sharply on Wednesday, pushing the iShares Semiconductor ETF (SOXX) down more than 6% as several AI-hardware names posted single-day declines of more than 7%. The slide weighed on major indexes, with the Nasdaq 100 falling 1.54% and the S&P 500 down 0.22%. Meta Platforms rose more than 8% after saying it is developing plans for a cloud infrastructure business to sell access to AI computing power and models, supporting some large-cap tech even as chip weakness dominated. Separately, weaker-than-expected ADP employment and ISM manufacturing data pressured sentiment, while WTI crude fell more than 1% to a 4.25-month low.
