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MarketsNortheast·Ranked Monday, August 3, 2026

Wall Street’s favorite bet comes undone as chips whipsaw market

Semiconductor Index plunges 21% in July, worst month since October 2008.

Wall Street’s favorite bet comes undone as chips whipsaw market
The Philadelphia Stock Exchange Semiconductor Index, or SOX, plunged 21% in July for its worst month since October 2008.
Fortune

AI score breakdown

#7 that day3.25/ 10
Technology breakthrough · weight 30%1/10
Economic impact · weight 25%7/10
Job impact · weight 20%1/10
Regional relevance · weight 15%6/10
Policy & geopolitics · weight 10%1/10

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