| Intel stock collapse worsens as $3.5T chip rout spreads(finance.yahoo.com) | |
| 213 points by entryleveljobsc 12 hours ago | 189 comments | |
tl;dr: Chip stocks shed over $400 billion Monday, with Intel falling another 9% following its 29% crash on Oct. 30 — leaving it worth less than half its late-September value. Memory and storage names (Micron, Sandisk, Seagate, WDC) dropped 6-8%, and Marvell slid after announcing a $115 billion deal to buy Lumentum, while Nvidia held up relatively well. Overall, chip and memory stocks have lost roughly $3.7 trillion in market cap since Oct. 6, though some analysts believe last week's sell-off marked a bottom. | |
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