US Stocks Fall on Chipmakers Selloff

2026-07-07 20:06 By Isabela Couto 1 min. read

US stock indices closed lower on Tuesday amid a selloff in chipmakers.

The S&P 500 fell 0.4%, the Nasdaq 100 dropped 1.8%, and the Dow Jones lost 131 points, pulling back from a record high.

Semiconductor stocks came under pressure as investors questioned whether AI hyperscalers can justify elevated infrastructure spending.

Samsung's 19-fold surge in quarterly profit failed to support market sentiment, which came under renewed pressure following reports that China's DeepSeek is developing its own AI chip.

Broadcom fell 0.8%, Micron lost 4.7%, AMD retreated 6.5%, and Intel slumped 9.7%.

Nvidia on the other hand, added 0.7%.

Higher bond yields weighed on broader markets after attacks on tankers in the Strait of Hormuz renewed concerns over energy-driven inflation.

Visa fell 1.4%, while Caterpillar lost 3.1%.



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