Story preview
INTC, AMD, AVGO: Chip Stocks Lead Slide As Tech Gets Hammered Amid Renewed U.S.-Iran Tensions
About this story
- Published
- Sep 28, 2026, 9:08 AM UTC
Continue reading on the publisher site for the full article.
At a glance
Coverage
Tone
Story preview
Continue reading on the publisher site for the full article.
Coverage
Tone
Outlets covering it
5
in the last 3 days
First reported
22 hr. ago
3 outlets since
Countries
4 other outlets reported this story in the last 3 days.
Chip stocks led a broader technology selloff in Monday’s premarket as renewed U.S.-Iran tensions sent oil prices higher and revived concerns about inflation and interest rates.Intel (INTC) fell 3.4%, Advanced Micro Devices (AMD) dropped 2.4%, while Nvidia (NVDA) declined 1%. Broadcom (AVGO) was als…
Nvidia bucked the trend on Monday as the rest of the chip sector slipped, but semiconductors have still wildly outperformed the broader market this year.
U.S. stocks fell across the board on Monday, weighed down by news of OpenAI slowing model training and a sharp rise in U.S. Treasury yields. AI hardware stocks faced a sell-off, with memory, chip, and optical communication stocks leading the declines.