US Stock Market Move | Semiconductor stocks collectively fell, with Arm Holdings (ARM.US) dropping more than 7%.

On Thursday, U.S. semiconductor stocks collectively fell, as of the time of writing, Arm Holdings (ARM.US) dropped more than 7%, Micron Technology, Inc. (MU.US) dropped nearly 4%, NVIDIA Corporation (NVDA.US) dropped more than 1.1%, and AMD (AMD.US) dropped more than 1.5%. On the news front, SK Hynix warned that demand for commodity memory chips will decrease even more significantly.