Semiconductor Selloff Wipes Out the S&P 500’s Early Gains 🚨

Chip stocks fell sharply after reports that a state-backed Chinese company had begun mass-producing domestically developed DUV lithography equipment.
$NVDA dropped more than 5% , while $ASML and $MU fell around 7% . $SNDK plunged approximately 12% as concerns grew over China’s push for semiconductor self-sufficiency.
The selloff dragged the S&P 500 into negative territory, erasing its earlier gains.