Chip Sector Loses Over $1T as Nvidia, Broadcom Lead Selloff on Jobs Report

Semiconductor stocks experienced a sharp selloff today following a stronger-than-expected jobs report, with the sector losing over $1 trillion in combined market value. Nvidia (NVDA) and Broadcom (AVGO) led the decline, while Micron (MU) and other major chipmakers also faced significant losses as investors reassessed market positioning amid the economic data.
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