Philadelphia Semiconductor Index Falls More Than 3% as AMD Drops More Than 6%

The Philadelphia Semiconductor Index fell more than 3% Friday as AMD and five other named chip stocks also declined, showing losses in the benchmark and several of its components.

AMD shares dropped more than 6%. Coherent, Broadcom and Marvell Technology each fell about 5%, while Intel lost more than 3% and Nvidia fell more than 2%.