Semiconductor stocks fell for an 8th consecutive session, with the SOX ending down 3.83%. This week's earnings announcements from Meta, Lam Research and Texas Instruments are set to influence the market's direction.
The SOX Index fell 3.83% on Friday, marking its 8th consecutive decline. All 30 constituents ended at lower prices.
CoreWeave fell about 12% on the day and about 25% over the week, as selling intensified across the semiconductor sector.
While market participants expressed the view that the outlook for AI demand itself was not in doubt, attention was focused on the possibility that this week's earnings announcements, particularly TSMC's results, could determine the market's direction.