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Semiconductors: Correction or Beginning of Purging?
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By Vincent ClairmontNasdaq lost 1.47% on Thursday, at 25,882 points; S&P 500 lost 0.51% to 7,534 points (closing data of July 16). The drop came almost entirely from the semiconductors: Nvidia, Micron and Broadcom in net decline, the Philadelphia index of the sector leading losses, after the announcement by TSMC of an increase in its investment envelope 2026 to $60-64 billion, compared to 52-56 billion previously announced. @import url('https://…
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