Chip stocks are awash in red, with the VanEck Semiconductor ETF down 9.70% cumulatively this week.

VanEck Semiconductor ETF fell 3.41%, bringing its cumulative decline this week to 9.70%, the largest single-week drop since April 2025. SanDisk fell 6.85%, SK Hynix fell 6.58%, AMD fell 5.95%, Micron Technology fell 5.63%, Teradyne fell 5.31%, KLA fell 5.00%, and Applied Materials fell 4.82%.