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Micron, Other Chip Stocks Drop During Dog Days Of Summer

Chip stocks tumbled Tuesday in a broad reversal from Monday's gains, with the Philadelphia semiconductor index (SOX) falling more than 5% in afternoon trading. Decliners included Micron (MU) and other memory names, as well as Nvidia (NVDA) and fellow AI chipmakers, according to Investor's Business Daily.

read1 min views1 publishedAug 18, 2026
Micron, Other Chip Stocks Drop During Dog Days Of Summer
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Chip stocks tumbled Tuesday in a broad reversal from Monday's solid gains, leaving investors with whiplash. Decliners included Micron (MU) stock and other memory names, and Nvidia (NVDA) and fellow AI chipmakers. The Philadelphia semiconductor index, known as SOX, fell more than 5% in afternoon trades on the stock market today. On Monday, the SOX, which includes the 30 largest…

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