{"id":1013284,"date":"2026-06-09T12:13:54","date_gmt":"2026-06-09T06:43:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1013284"},"modified":"2026-06-09T12:13:54","modified_gmt":"2026-06-09T06:43:54","slug":"technology-sectors-hottest-companies-lost-1-3-trillion-in-less-than-24-hours-what-wiped-hundreds-of-billion-dollars-from-market-cap-of-nvidia-micron-broadcom-and-other-chip-sto","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/09\/technology-sectors-hottest-companies-lost-1-3-trillion-in-less-than-24-hours-what-wiped-hundreds-of-billion-dollars-from-market-cap-of-nvidia-micron-broadcom-and-other-chip-sto\/","title":{"rendered":"Technology sector\u2019s \u2018hottest companies&#8217; lost $1.3 trillion in less than 24 hours: What wiped hundreds of billion dollars from market cap of Nvidia, Micron, Broadcom and other chip stocks"},"content":{"rendered":"<p>The artificial intelligence (AI) boom suffered a massive blow as the technology sector\u2019s hottest chip companies saw a staggering $1.3 trillion in market value vanish in less than 24 hours. The massive selloff triggered the deepest one-day drop for the PHLX chip index (.SOX) since March 2020, when the onset of the coronavirus pandemic threw global markets into disruption.<\/p>\n<p>The panic swept through Wall Street&#8217;s favourite AI heavyweights, leaving massive financial damage in its wake, news agency Reuters reported. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The artificial intelligence (AI) boom suffered a massive blow as the technology sector\u2019s hottest chip companies saw a staggering $1.3 trillion in market value vanish in less than 24 hours. The massive selloff triggered the deepest one-day drop for the PHLX chip index (.SOX) since March 2020, when the onset of the coronavirus pandemic threw global markets into disruption. The panic swept through Wall Street&#8217;s favourite AI heavyweights, leaving massive financial damage in its wake, news agency Reuters reported.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-1013284","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1013284","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1013284"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1013284\/revisions"}],"predecessor-version":[{"id":1013285,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1013284\/revisions\/1013285"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1013284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1013284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1013284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}