US Stock Market Move | Chip stocks are generally falling, with the Philadelphia Semiconductor Index dropping more than 2.3%.

On Friday, the Philadelphia Semiconductor Index fell more than 2.3%, with chip stocks generally down. As of the time of writing, NVIDIA Corporation (NVDA.US) dropped more than 3%, Nano Semiconductor (NVTS.US) dropped more than 3%, Wolfspeed (WOLF.US) dropped more than 8%, AMD (AMD.US) dropped more than 5.3%, ON Semiconductor Corporation (ON.US) dropped more than 4.7%, GlobalFoundries (GFS.US) dropped more than 2.5%, Cirrus Logic, Inc. (CRUS.US) dropped more than 1.7%, and STMicroelectronics NV ADR RegSADR (STM.US) dropped more than 1.9%.