US chip stocks set to wipe out $2 trillion after latest selloff

Oct 15 : US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cost of the AI buildout. The Philadelphia SE Semiconductor index was last down 3.3 per cent, adding to a $1.64 tr

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CNA
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Oct 15 : US semiconductor stocks were set to lose $2 trillion in market value on Thursday in the steep selloff since last week, driven by rising bets of an interest-rate hike and concerns over the cost of the AI buildout.

The Philadelphia SE Semiconductor index was last down 3.3 per cent, adding to a $1.64 trillion wipeout over the past six sessions.

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This story was reported and first published by CNA on 15 October 2026. HUE Legacy Ventures did not write it.

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