# Some investors are still betting on a further fall in these stocks.

*semiconductor · news · 2026-05-12 · CNBC TV18*

## Key points

- The Direxion Daily Semiconductors Bear 3x ETF saw a 9.2% surge and record call writing volumes.
- Philadelphia Semiconductor Index dropped up to 7% intraday, ending 3% lower after a strong 2026 rally.
- Every constituent of the semiconductor index fell except Nvidia, which will report earnings next week.
- April US CPI was 3.8% year-on-year, exceeding the 3.7% estimate and impacting market sentiment.

**Companies:** Broadcom Inc., Intel Corp., Micron Technology Inc., Nvidia, Qualcomm
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/snp-500-nasdaq-retreat-from-record-highs-after-chip-stocks-profit-booking-intel-micron-qualcomm-dow-jones-tuesday-19904379.htm)

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