EL7.AI
Stocks•1 July 2026•
1 min read

Semiconductor stocks slip as Q3 opens after record Q2 rally

Key Facts

1Semiconductor stocks fell on the first day of the new quarter after a record rally in Q2.
2The report said Micron, Intel and AMD added a combined $2 trillion in market value in the quarter ended in June.

Profit-taking appears to be weighing on semiconductors as the new quarter begins. Semiconductor stocks fell on the first day of Q3 after a record run in the second quarter. The report said Micron, Intel and AMD together added $2 trillion in market value in the quarter ended in June.

The move follows a powerful rally that left the group stretched, making any pause more vulnerable to portfolio rotation. Per market data, AMD closed at $580.91 on June 30, 2026, while INTC finished at $139.63 on the same day, and MU closed at $1,056.35 on July 1, 2026. Market data also showed NVDA closing at $199.575 on July 1, 2026, and TSM ending the session at $447.65 that same day.

In the near term, traders will be watching whether this is simply repositioning after the sharp advance or the start of a broader correction. At the July 1, 2026 close, MU was near $1,056.35 with an intraday range between $1,037.76 and $1,097, giving an initial read on volatility. The saved calendar shows no immediate sector-specific catalyst over the next seven days, so price action across chip stocks will remain the main focus.