Intel stock collapse worsens as $3.5T chip rout spreads

The chip sector experienced a significant decline in value, with nearly every chip stock falling and the group shedding over $400 billion in market value. Intel's stock fell by 9%, while Micron, Sandisk, Seagate, and Western Digital fell by 6-8%. Nvidia held up relatively better, but still down 16% since Oct. 6. The total market value of chip and memory stocks has lost around $3.7 trillion since Oct. 6, with Nvidia losing the most in dollars.