Chip Stocks Are Not Fungible, Right?

The Philadelphia Semiconductor Index, which has plunged 40 percent this year, had actually been up nearly 9 percent for the week. But with today's loss as it's basically cut those gains in half. And really what's happened is once Samsung reported basically its first profit drop since 2019,. It really just is showing the depth of the global PC and memory chip downturn.

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