{"id":1012850,"date":"2026-06-08T08:17:18","date_gmt":"2026-06-08T02:47:18","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1012850"},"modified":"2026-06-08T08:23:46","modified_gmt":"2026-06-08T02:53:46","slug":"chip-slump-erases-1-3-trillion-in-stock-market-value","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/08\/chip-slump-erases-1-3-trillion-in-stock-market-value\/","title":{"rendered":"Chip slump erases $1.3 trillion in stock market value"},"content":{"rendered":"<p>US-traded chipmakers plunged \u200bon Friday, losing about $1.3 trillion \u200bin market value, with deep losses in AI heavy hitters \u200bincluding Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom&#8217;s weak report earlier this week reverberated across Wall Street. <\/p>\n<p>The PHLX chip index slumped 10.3% in its deepest one-day loss since \u200cMarch 2020, \u2060when the \u2060coronavirus pandemic threw global markets into a tailspin. <\/p>\n<p>Friday&#8217;s selloff added to losses on Thursday \u200bafter Broadcom issued a quarterly report that showed demand for its custom AI chips business \u200bfalling short of lofty expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-traded chipmakers plunged \u200bon Friday, losing about $1.3 trillion \u200bin market value, with deep losses in AI heavy hitters \u200bincluding Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom&#8217;s weak report earlier this week reverberated across Wall Street. The PHLX chip index slumped 10.3% in its deepest one-day loss since \u200cMarch 2020, \u2060when the \u2060coronavirus pandemic threw global markets into a tailspin. Friday&#8217;s selloff added to losses on Thursday \u200bafter Broadcom issued a quarterly report that showed demand for its custom AI chips business \u200bfalling short of lofty expectations.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1012850","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1012850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1012850"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1012850\/revisions"}],"predecessor-version":[{"id":1012851,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1012850\/revisions\/1012851"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1012850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1012850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1012850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}