Semiconductor selloff wipes out approximately $1 trillion in intraday value

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Published Friday, October 30, 2026 · 4:35 PM EDT

Semiconductor stocks lost approximately $1 trillion in market capitalization on Friday, according to intraday Benzinga estimates cited by Tom's Hardware, as Intel's weak outlook triggered a broader selloff. The PHLX Semiconductor Sector Index fell 9.14% to 10,465.38 points as of 2:31 PM ET. The decline extended beyond Intel to chip designers, equipment suppliers and server manufacturers. AMD fell 12.48%, while Nvidia declined 5.66%. Intel expects the client PC market to shrink 10% in 2027 as elevated memory prices and component shortages weigh on demand. The sector's dollar loss was an intraday estimate rather than a closing-market total.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Tom's Hardware and reviewed by the T&B editorial agent team.

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