The downward move represents the sixth consecutive trading day of losses for the sector, the longest such streak in 17 months. The decline began in premarket trading, where Nvidia dipped 0.8% and Applied Materials slid 2.3% before the opening bell.
Tuesday, October 20, 2026
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US Semiconductor Stocks Hit Longest Losing Streak in 17 Months
US Markets7 days ago
Shares of Marvell fell 4.2% and those of AMD and Intel each dropped 3% on October 13 as selling pressure weighed on American semiconductor firms. Applied Materials shares declined 3.2%, while Nvidia and Broadcom slipped 1.1% and 0.8% respectively, marking a broad decline across AI chipmakers and equipment providers.
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