Chip slump erases $1.3 trillion in stock market value
Synopsis The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster initial public offering next week for SpaceX at an exceedingly high $1.75 trillion valuation. US-traded chipmakers plunged on Friday, losing about $1.3…
bubmagJune 6, 2026