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Semiconductor stocks fall on Wall Street
Shares of semiconductor companies on Wall Street declined sharply, with the Philadelphia Semiconductor Index falling by 4.61% to reach 12,077 points. This follows a period of optimism after ASML raised its financial forecasts for 2026. Major companies such as SanDisk, Western Digital, Micron Technology, Seagate Technology, Intel, and Nvidia experienced significant losses, ranging from 2.44% to 14.32%. This decline came after an initial positive performance at the start of trading due to news about the financial outlook, but the market quickly reversed, reflecting sharp volatility in the U.S. semiconductor sector.
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