The Nasdaq 100 index's decline extended to 4%, reaching a new daily low. The Philadelphia Semiconductor Index fell 8.7%; Intel is now down 30.8%; SanDisk is down 15%; AMD, Qualcomm, and ARM are down 12%; Seagate Technology is down more than 9%; Western Digital and Applied Materials are down more than 8%; Cerebras, Asmack, and Ram Research is down more than 7%; and TSMC and Broadcom are down more than 6%.

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