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Why Are AI Chip Stocks Nvidia, Intel, AMD Falling in Premarket Today, Sept. 28?
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- Sep 28, 2026, 10:51 AM UTC
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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.
Oil prices are rattling rate expectations again, and the chip sector is cracking under the pressure in ways that reveal a sharp divide between two of its biggest names.
Chip stocks fell broadly on Monday even as Nvidia NASDAQ:NVDA gained 3% on its record $150B increase to its share repurchase authorization.The broader semiconductor sector was hardly buoyant, with the Philadelphia Semiconductor Index NASDAQ:SOX falling 2.6%, as a wider market selloff weighed on tec…