US Stock Market Move | Semiconductor sector continues adjustment, Intel Corporation (INTC.US) falls over 3%

On Friday, the semiconductor sector continued to adjust, with NVIDIA Corporation (NVDA.US) falling by nearly 2%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US), Advanced Micro Devices, Inc. (AMD.US), ASML Holding NV ADR (ASML.US), Lam Research Corporation (LRCX.US) falling by over 2%, Broadcom Inc. (AVGO.US) falling by over 1%, Intel Corporation (INTC.US) falling by over 3%, and Arm Holdings (ARM.US) falling by nearly 1%. Some analysts believe that the ongoing pullback in chip stocks has surpassed fundamental reasons and is more influenced by fund style shifts and market preferences. In addition, discontent over inflation expressed by Federal Reserve Chairman Powell during the congressional testimony has increased market expectations for rate hikes. Signals of a "hawkish" stance from other Fed officials have also intensified market jitters. Logan of the United States has explicitly called for rate hikes; Schmid of the United States has warned that the risk of further acceleration of inflation in the coming months still exists. In terms of the situation for GEO Group Inc, the prospects of a US-Iran war are still uncertain, which has dampened market risk appetite.