Mixed day for global stocks but oil prices fall along with chip shares

A trader works on the floor of the New York Stock Exchange (NYSE) at the closing bell, in New York on Jul 24, 2026. (Photo: AFP/Angela Weiss) 29 Jul 2026 05:52AM NEW YORK: Wall Street stocks mostly rose Tuesday (Jul 28) behind solid earnings and a pullback in oil prices, offsetting weakness in chip shares and in Asian

Just weeks after driving major indexes such as the S&P 500 and Nasdaq Composite to record highs, semiconductor stocks are taking a beating once again.

It’s a chip panic that “appears to be indiscriminate,” analysts say.

Chip stocks around the world sold off sharply, the latest chapter in the months long jitters surrounding artificial intelligence, memory and chip stocks.

Shares in major U.S. chip and memory companies, including Micron, Sandisk, and Intel, are sinking this morning in premarket trading after the stock prices of similar companies in Asia got hammered hard. Here’s what you need to know—and what’s behind the current fall in chip stocks. What’s happened? It was a bad day fo

Chip companies ASML, Besi, and ASMI suffered heavy losses on the Damrak during the final trading hours on Monday.

South Korea's Kospi index plunged more than 10% on Tuesday morning as chipmaking stocks came under heavy selling amid renewed concerns over whether the artificial intelligence boom can be sustained.

CME Group on Monday launched cash-settled single-stock futures on 55 U.S. equities, along with micro-sized contracts on 22 names.