Chip stocks pull back: Here's what you need to know

Let's just call it a breather right now after that massive you talked about it AI fueled run. The Philadelphia Semiconductor Index has gotten as much as 60% above its 200-day moving average. That's a level we really haven't seen since the dot com era.So some profit taking here isn't too surprising. You're seeing it across the board though. Look at this sea of red.Qualcomm, Intel, On Semi among the worst performers in the S&P 500 today. Qualcomm on pace for its worst day since March 2020 while Intel is pulli ...