Semiconductor ETF Sinks for Ninth Day, Its Longest Slide Since May
iShares Semiconductor ETF fell more than 4% on Friday, its ninth straight daily loss, and dropped nearly 12% for the week, according to Seeking Alpha.
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what happened
The iShares Semiconductor ETF closed more than 4% lower on Friday after nine consecutive sessions of declines, the longest such run since May 2026, according to Seeking Alpha. Over the week the fund shed nearly 12%, its steepest weekly drop since April 2025, with 32 of its 34 holdings finishing in negative territory.
The sell-off started with concerns about how quickly AI infrastructure is being built and with credit worries around CoreWeave. It intensified after a CPI report came in hotter than expected, raising fears of tighter monetary policy ahead.
Applied Materials, ASE Technology, SK Hynix, Credo Technology and Teradyne were the weakest names, each down more than 15% this week. Qualcomm, Microchip Technology, NXP Semiconductors, Analog Devices and Texas Instruments held up best among the constituents.
why it matters
Chip stocks carry substantial weight in many tech-focused benchmarks, so a multi-day slide in the group can weigh on broader equity indexes. The inflation print also shifts attention toward rate expectations, which matter for valuations of growth shares.
market impact
Chips and the SOXX ETF: selling pressure and sensitivity to rate expectations
tags
instruments
sources
- Semiconductor ETF posts longest losing streak in over two decades amid chip selloff — seekingalpha.com, 17 October 2026 at 13:20 UTC
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