AI selloff hammers chips as tech support crumbles globally — June 24, 2026
S&P 500 -1.44% · Nasdaq -2.21% · Dow -0.09% · VIX 19.5 — June 24, 2026
The tech wreck deepened today as investors yanked money out of AI and semiconductors en masse, sending the Nasdaq down 2.21% while breadth collapsed—only 30 stocks up in the top 100, 66 down. This wasn't a broad market correction; it was a targeted purge of the chips and AI infrastructure plays that anchored the rally. South Korea's market plunged 10%, a warning shot that rippled stateside. The message from the sell buttons: the spending thesis that justifies chip valuations just broke.
Micron tanked 13.2%, hit hardest as the bellwether for chip demand and capex cycles. Marvell (-9.4%), Qualcomm (-8.0%), and Taiwan Semi (-6.7%) all bled out in sympathy. Even Navitas, which reported new power-switch funding for AI data centers, couldn't hold ground, down 9.7%. The only outlier was Infleqtion, which jumped 12.3% on a quantum-computing partnership with U.S. government entities—a reminder that not all semiconductor bets are equal, and geopolitical backing still carries a bid.
Cable and industrial names got dragged down too. Stellantis (-6.6%) and energy stocks like Eos and T1 Energy both cratered as risk appetite evaporated. FedEx futures were red, signaling weak logistics demand ahead. There were no insider cluster buys to lean on today—no corporate executives stepping in to catch knives. That absence, against a 19.5 VIX, speaks volumes about where conviction actually sits right now.
Market commentary generated from the day's data and headlines — not investment advice.
Biggest moves today
- MU (Micron Technology, Inc.) ▼ -13.18% at $1051.77 on 58.1M shares — Morning Bid: Time to cash in your chips? (Reuters)
- INFQ (Infleqtion, Inc.) ▲ +12.32% at $15.96 on 42.3M shares — Infleqtion (INFQ) Is Up 19.3% After Launching Quantum Space Initiative With Key US Partners (Simply Wall St.)
- EOSE (Eos Energy Enterprises, Inc.) ▼ -11.58% at $6.49 on 20.9M shares — An Insider Just Sold Eos Energy After the Stock's 100% Rally. Should You Too? (Motley Fool)
- TE (T1 Energy Inc.) ▼ -11.15% at $9.24 on 30.6M shares — Canadian Solar Benefits From Expanding Solar & Energy Storage Pipeline (Zacks)
- NVTS (Navitas Semiconductor Corporati) ▼ -9.70% at $21.40 on 20.7M shares — AlpSemi Raises €17 Million to Scale Next-Generation Solid-State Circuit Breaker Power Switches for Buildings and AI Data Centers (Business Wire)
- MRVL (Marvell Technology, Inc.) ▼ -9.36% at $279.04 on 44.9M shares — Wall Street ends lower as AI spending concerns mount (Reuters Videos)
- QCOM (QUALCOMM Incorporated) ▼ -8.01% at $204.13 on 23.4M shares — Qualcomm in talks to provide custom chip-design services to ByteDance, sources say (Reuters)
- TSM (Taiwan Semiconductor Manufactur) ▼ -6.69% at $436.39 on 17.3M shares — Morning Bid: Time to cash in your chips? (Reuters)
- STLA (Stellantis N.V.) ▼ -6.58% at $5.96 on 26.2M shares — Dodge and Under Armour Unleash a High-octane Collection (PR Newswire)
- CDE (Coeur Mining, Inc.) ▼ -6.58% at $16.32 on 38.6M shares — Viavi Solutions (VIAV) Earns New Milestone, Climbs 12% (Insider Monkey)
Most active by volume
| # | Ticker | Price | Change | Volume |
|---|---|---|---|---|
| 1 | AAL | $16.14 | +0.37% | 166.1M |
| 2 | SPCX | $156.11 | +0.98% | 153.2M |
| 3 | INTC | $132.28 | -6.14% | 131.3M |
| 4 | NVDA | $200.04 | -4.13% | 152.1M |
| 5 | SOFI | $17.29 | +1.11% | 89.0M |
| 6 | PFE | $24.72 | -1.44% | 81.9M |
| 7 | NOK | $13.70 | -5.06% | 81.2M |
| 8 | T | $22.81 | +3.21% | 59.9M |
| 9 | F | $14.00 | -0.78% | 57.9M |
| 10 | KEEL | $6.60 | -0.90% | 59.1M |
| 11 | SMCI | $33.32 | -6.03% | 55.6M |
| 12 | AAPL | $294.30 | -0.91% | 51.9M |
| 13 | MU | $1051.77 | -13.18% | 58.1M |
| 14 | NFLX | $72.82 | -0.08% | 50.5M |
| 15 | PATH | $10.16 | +0.00% | 49.3M |
| 16 | GRAB | $3.46 | -0.86% | 53.3M |
| 17 | QBTS | $25.03 | +2.29% | 46.5M |
| 18 | PLUG | $2.71 | -2.87% | 48.4M |
| 19 | RGTI | $21.28 | -0.47% | 45.9M |
| 20 | TSLA | $381.61 | -5.79% | 49.8M |
| 21 | SNAP | $4.46 | -3.67% | 42.3M |
| 22 | MARA | $14.70 | -1.01% | 41.9M |
| 23 | AMZN | $234.11 | +0.57% | 57.0M |
| 24 | INFQ | $15.96 | +12.32% | 42.3M |
| 25 | HOOD | $103.25 | -2.33% | 40.4M |
Market data from Yahoo Finance; insider data from SEC EDGAR Form 4. For research only — not investment advice. Verify on the official source before trading.
Put this to work
Screen live SEC Form 4 purchases with the insider cluster-buy screener, or open a company dashboard: