Semiconductor stocks are on the verge of a bear market. Is the thrill in the chips trade gone?

AI Summary

The PHLX Semiconductor Index, a key benchmark for semiconductor stocks, reached a record high in late June but has since dropped nearly 20%, indicating a potential bear market in the chip industry. This decline raises questions about the sustainability of momentum and investor enthusiasm in semiconductor trading.

The PHLX Semiconductor Index hit a record high in late June and has since tumbled nearly 20%