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Nasdaq-100 Futures Drop 2% as Chip Stocks Lead Tech Sell-Off, SMH Down 7% This Week

2026-07-17 12:44:44

TSM-2.32%

ARM-5.41%

AMD-5.29%

According to CNBC, Nasdaq-100 futures slid as much as 2% in Friday morning premarket trading, with semiconductor stocks leading the broader market decline. The VanEck Semiconductor ETF (SMH) has fallen nearly 7% this week as of Thursday's close, marking one of its sharpest weekly declines in the past year. An increased spending forecast from Taiwan Semiconductor Manufacturing Co. (TSMC) sparked the sector sell-off, with chipmakers including Arm Holdings, Micron Technology, and Advanced Micro Devices each losing more than 5% in Thursday's session.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

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