The Philadelphia Semiconductor Index plunged 3.3% as Broadcom’s cautious AI outlook triggered a broad selloff in semiconductor stocks, with all 30 index components declining and major tech firms posting steep losses.
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Philadelphia Semiconductor Index Plunges 3.3% Amid Broadcom-Led Selloff

The Philadelphia Semiconductor Index plunged 3.3% as Broadcom’s cautious AI outlook triggered a broad selloff in semiconductor stocks, with all 30 index components declining and major tech firms posting steep losses.

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