EL7.AI
StocksMedium•23 June 2026•
1 min read

Semiconductor Stocks Sink as Nvidia and Intel Lead Global Tech Sell-off

Key Facts

1The global tech sector experienced a sharp sell-off, dragging down major chipmakers including Intel, AMD, and Nvidia.
2Markets were hit by global contagion, including a crash of over 10% in the KOSPI index which prompted a trading halt.

This sharp movement comes as markets re-evaluate major technology bets, with the global semiconductor sector experiencing a broad sell-off affecting Intel, AMD, and Nvidia. According to reports, contagion spread from Asian markets following a crash in the KOSPI index of over 10%, which triggered a trading halt. The decline is attributed to a combination of renewed fears regarding US rate hikes and a valuation reset on AI-related trades.

In comparison to peers, TSM (Taiwan Semiconductor Manufacturing Co.) was priced at $440.16 per market data on June 23, 2026, reflecting the impact on major Asian manufacturers. This slump follows a period of robust growth, with recent tech sector earnings reports indicating increased investor caution toward high valuations, especially as the Fed interest rate was held at 3.75% on June 17, 2026, according to official data.

Regarding price action, NVDA stood at $200.785 and MU at $1,084.22 (June 23, 2026), while AMD recorded a level of $551.63 (at close June 22, 2026). Traders are closely watching upcoming economic catalysts that could impact risk appetite, as technical support levels remain under scrutiny to ensure recent price lows are maintained during this volatile period.