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Some investors are still betting on a further fall in these stocks.
The Direxion Daily Semiconductors Bear 3x ETF saw a 9.2% surge and record call writing volumes.
KEY POINTS
- 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
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