US Stock Market Move | Chip stocks fall, Philadelphia Semiconductor Index drops more than 2% at one point.

On Monday, chip stocks fell, with the Philadelphia Semiconductor Index dropping more than 2% at one point. As of the time of writing, the index is now down over 1%, Super Micro Computer, Inc. (SMCI.US) fell 0.98%, NVIDIA Corporation (NVDA.US) fell over 1.2%, Micron Technology, Inc. (MU.US) fell over 3.8%, and Arm Holdings (ARM.US) fell over 5.7%.