The Nasdaq composite traded lower Thursday as selling intensified across semiconductor and memory-related shares. Market weakness was especially visible in the tech-heavy index, where chip stocks played a major role in pulling sentiment down.
Among the notable decliners, Sandisk and SK Hynix fell sharply, highlighting renewed pressure on the memory segment. The drop in those names added to a broader retreat in chip stocks, an area that often has an outsized impact on Nasdaq performance.
TSMC also moved lower and reached a sell-rule threshold referenced in market coverage, underscoring the technical damage seen in the stock. That development added to concerns around momentum in one of the market's most closely watched semiconductor names.
Overall, Thursday's action pointed to a risk-off tone in technology shares, with semiconductors and memory stocks at the center of the downturn. As those groups weakened, the Nasdaq absorbed much of the pressure and moved further into the red.
