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iShares Semiconductor ETF Records Worst Daily Decline Since March 2020

The Motley Fool +1 · ·by G4L

  1. 1The iShares Semiconductor ETF entered a bear market on Thursday with a 12.1% decline.
  2. 2Shares fell following Qualcomm's announcement of a 26% decrease in smartphone chip revenue for its fourth fiscal quarter.
  3. 3Micron Technology shares plummeted 17% on Thursday.

So what's the key point?

Prices for semiconductor-related products fell sharply by 12.1% in a single day. The market is in a difficult state as Micron Technology shares plunged following news of Qualcomm's declining revenue.

Source The Motley Fool +1 · View original ↗

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