A single week drop of 10%, three consecutive weeks of sharp declines, a 20% pullback from the high! The "AI bull market leader" is experiencing one of the largest momentum sell-offs in history.
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U.S. semiconductor stocks have suffered their most brutal weekly decline in more than a year, with the Philadelphia Semiconductor Index pulling back over 20% from its June high, officially entering a technical bear market. The selloff has been characterized by Christian Mueller-Glissmann, head of asset allocation research at Goldman
