Philadelphia Semiconductor Index Extends Loss to 5% as AMD Falls 9.2%

U.S. semiconductor shares fell broadly Friday morning, with the Philadelphia Semiconductor Index extending its decline to 5% as AMD dropped 9.2%, underscoring the scale of losses across chip stocks.

At 10:16 a.m. ET (15:16 UTC), the index was down 5%. AMD had fallen 9.2%, Marvell Technology was lower by 7.6%, Broadcom and Intel were each down more than 5%, and Nvidia had lost 3.3%.

Nvidia’s 3.3% decline was the smallest among the five companies named. AMD fell 9.2%, and Marvell fell 7.6%; Broadcom and Intel each fell more than 5%.

Taken together, the figures show losses across several semiconductor stocks, with the index falling alongside all five named companies. Nvidia fell 3.3% and AMD fell 9.2%, while the index was down 5%.