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Nowhere to hide: Tech selloff hits software and chip stocks alike

10/16/2026, 9:59:00 PM
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Nowhere to hide: Tech selloff hits software and chip stocks alike
EXECUTIVE SUMMARY

The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.

Key Takeaways

  • Nowhere to hide: Tech selloff hits software and chip stocks alike.
  • The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.
  • The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.

The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.

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