Global Semiconductor Market Cap Evaporates Over $1.5 Trillion; Samsung Earnings Trigger Plunge in Taiwan ADRs, ASE Tumbles 8.5%
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The global semiconductor market has lost over $1.5 trillion in market cap, with samsung earnings triggering a plunge in taiwan adrs and ase tumbling 8.5%. However, there are reports of ai chip stocks rebounding after a sell-off, suggesting some uncertainty in the market's direction. The decline has also affected broader markets, with the philadelphia semiconductor index and new york stocks experiencing losses.
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