Changes in US stocks | Semiconductor sector continues to adjust, Intel (INTC.US) falls more than 3%

The Zhitong Finance App learned that on Friday, the semiconductor sector continued to adjust, with Nvidia (NVDA.US) falling nearly 2%, TSM.US (TSM.US), ASML.US (ASML.US), Fanlin Group (LRCX.US) falling more than 2%, Broadcom (AVGO.US) falling more than 1%, Intel (INTC.US) falling more than 3%, and Arm Holdings (ARM.US) falling nearly 1%.

Some analysts said that the continued correction in chip stocks in this round has gone beyond the scope of fundamentals and is more affected by changes in funding styles and shifts in market preferences. Furthermore, dissatisfaction with inflation during Federal Reserve Chairman Walsh's hearing increased the market's expectations of interest rate hikes, and the “hawkish” signals released by other Federal Reserve officials also heightened market tension. Among them, US Logan has clearly called for interest rate hikes; US Schmid warned that there is still a risk that inflation will accelerate further in the coming months. In terms of the geographical situation, the prospects for the US-Iran war are still confusing, undermining market risk appetite.