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Chip stocks are getting massacred in October — including AMD — on rising rates, downturn fears

CNBC.com
Chip stocks are getting massacred in October — including AMD — on rising rates, downturn fears

Chip stocks are plunging this month as investors react to surging interest rates and concerns over weakening business trends in the semiconductor industry. The iShares PHLX Semiconductor ETF has declined nearly 5 percent this month through Tuesday versus a 1 percent fall for the S&P 500. The chip sector