Semiconductor index faces 7% decline since December peak | World Business Watch
Edited By WION Video Desk
Published: Jan 04, 2024, 05:25 IST | Updated: Jan 04, 2024, 05:25 IST
Wall street faces a semiconductor shakeup as chip stocks experience a sharp 7% decline from record highs. The semiconductor sector, known for its volatility, experienced a remarkable 2023. A 65% surge in the phlx index marked its strongest performance since 2009. However, the year-end stumble, with a decline of almost 7% since december 27, raises questions about the sustainability of the sector's growth.
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