{"id":433927,"date":"2026-07-17T03:35:39","date_gmt":"2026-07-16T20:35:39","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ai-and-chip-stocks-continue-to-slide-sending-the-nasdaq-down-near-1-5-433927\/"},"modified":"2026-07-17T03:35:39","modified_gmt":"2026-07-16T20:35:39","slug":"ai-and-chip-stocks-continue-to-slide-sending-the-nasdaq-down-near-1-5","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ai-and-chip-stocks-continue-to-slide-sending-the-nasdaq-down-near-1-5-433927\/","title":{"rendered":"AI and chip stocks continue to slide sending the Nasdaq down near -1.5%"},"content":{"rendered":"<div>\n<p>The AI and chip related stocks continued their runs to the downside sending the Nasdaq down by\u00a0-1.47%. The NASDAQ 100 fell by -1.61%. <\/p>\n<p>A snapshot of the closing levels shows industrial average:<\/p>\n<ul>\n<li>Dow\u00a0industrial average fell -106.01 points or -0.20% to\u00a052558.27<\/li>\n<li>S&amp;P index fell -38.63 points or -0.51% to\u00a07533.76<\/li>\n<li>Nasdaq\u00a0index fell -387.28 points or -1.47% to\u00a025881.95<\/li>\n<li>Russell 2000\u00a0fell -1.69 points or -0.06% to\u00a02974.56<\/li>\n<\/ul>\n<p>Looking at some of the chip\/AI\u00a0infrastructure related stocks, they continued there slide.\u00a0 Below is a sampling of the declines for the trading day (all fell by -5.0% or more)&#8217;s:<\/p>\n<ul>\n<li>Nebius (NBIS) fell -$27.74 or -13.90% to $171.77.\n<\/li>\n<li>\nSandisk (SNDK) fell -$203.92 or -12.63% to $1,411.08.\n<\/li>\n<li>\nAstera Labs (ALAB) fell -$30.88 or -8.81% to $319.74.\n<\/li>\n<li>\nMarvell Technology (MRVL) fell -$17.96 or -8.71% to $188.30.\n<\/li>\n<li>\nCredo Technology (CRDO) fell -$18.50 or -8.16% to $208.24.\n<\/li>\n<li>\nCoherent (COHR) fell -$22.42 or -7.49% to $276.96.\n<\/li>\n<li>\nLumentum Holdings (LITE) fell -$45.77 or -6.09% to $706.23.\n<\/li>\n<li>\nIntel (INTC) fell -$5.93 or -5.76% to $97.06.\n<\/li>\n<li>\nMicron Technology (MU) fell -$51.08 or -5.65% to $853.20.\n<\/li>\n<li>\nArm Holdings (ARM) fell -$15.00 or -5.41% to $262.01.\n<\/li>\n<li>\nAdvanced Micro Devices (AMD) fell -$28.20 or -5.33% to $500.94.\n<\/li>\n<li>\nBroadcom (AVGO) fell -$19.83 or -5.03% to $374.45.<\/li>\n<\/ul>\n<p>Even with the oversized declines of over 5% today, all on the list &#8211; with the exception of Broadcom at +8.19% &#8211; are up by a lot year-to-date with SanDisk leading the way with a gain of 494.44%.\u00a0 That is impressive but also scary at the same time.\u00a0\u00a0<\/p>\n<ul>\n<li>Nebius +105.15% (-43% from the high) <\/li>\n<li>SanDisk +494.44% (down -40.49% from the high)<\/li>\n<li>Astera Labs, +90.33%\u00a0(-36.7% from the high<\/li>\n<li>Marvell +121.57% (-43.49% from the high)<\/li>\n<li>Credo Technology, +44.50% (-34% from the high)<\/li>\n<li>Lumentum Holdings, +\u00a091.6% (-35.9% from the high)\n<\/li>\n<li>\nIntel (INTC),\u00a0+162.98% (-32.49% from the high)\n<\/li>\n<li>\nMicron Technology, +137.43% (-33.5% from the high)<\/li>\n<li>\nArm Holdings (ARM), +137.43% (-44.1% from the high)<\/li>\n<li>\nAdvanced Micro Devices (AMD), +198.94% (-15.13% from the high)<\/li>\n<li>\nBroadcom (AVGO),, +8.19% (-24.2% from the high)<\/li>\n<\/ul>\n<p>The gains make the Magnificent 7 look like penny stocks:<\/p>\n<ul>\n<li>Apple +22.59%<\/li>\n<li>Alphabet,\u00a0+13.25%<\/li>\n<li>Nvidia, +11.21%<\/li>\n<li>Amazon, 0.27%<\/li>\n<li>Matt, +0.67%<\/li>\n<li>Tesla, -13.04%<\/li>\n<li>Microsoft, -17.06%<\/li>\n<\/ul>\n<p>After the close Netflix reported EPS of $0.80 versus $0.79 expected on revenues of $12.6 billion versus $4.58 billion expected. Shares are down $5.85 or -7.87% and $68.50. That&#8217;s the lowest level going back to October 2024.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The AI and chip related stocks continued their runs to the downside sending the Nasdaq down by\u00a0-1.47%. The NASDAQ 100 fell by -1.61%. A snapshot of the closing levels shows industrial average:&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433927","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433927"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433927\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}