Intel, AMD, and Applied Materials Drop 4% as SK Hynix Rout and Oil Spike Hit Chip Stocks

Shares of Intel (NASDAQ:INTC) are down 4% to $104.97 successful Monday greeting trading, portion Advanced Micro Devices (NASDAQ:AMD) banal is disconnected 4% to $533.58 and Applied Materials (NASDAQ:AMAT) shares are down 4% to $581. The selling started astatine the unfastened and leveled retired into mid-morning.

The determination caps a blistering tally for the spot complex. Intel banal is up 182% twelvemonth to day (YTD), AMD shares are up 147%, and Applied Materials shares person gained 126%. With the NASDAQ 100 down 1.28% connected the session, the broader tech portion has weakened alongside semis, amplifying the profit-taking impulse.

Memory Rout and Oil Spike Hit Chip Complex

The contiguous trigger came from Asia. South Korean brokerage KIS published a Q2 2026 nett estimation for SK Hynix that landed 8% beneath consensus, citing dilatory HBM4 shipments and dense reliance connected high-bandwidth memory. SK Hynix shares fell 15% connected the Korean exchange, dragging Samsung and the KOSPI, which slid 9% and triggered a little trading halt.

The read-through was swift. Applied Materials, which counts SK Hynix arsenic a cardinal HBM and DRAM instrumentality customer, absorbed the biggest deed successful the group. NVIDIA (NASDAQ:NVDA) banal and Broadcom (NASDAQ:AVGO) banal each declined 2% arsenic memory-cycle worries rippled crossed the AI hardware complex.

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Adding to the pressure, renewed U.S.-Iran warring implicit the Strait of Hormuz sent crude sharply higher. WTI crude lipid is up 3.64% implicit the past 24 hours to $74.01 a barrel, which is simply a interest arsenic rising vigor costs unit semiconductor margins and stoke broader macro risk-off flows.