NASDAQ:NVDA 2 February 2026 - 4 February 2026

Semiconductor stocks experienced significant declines globally on June 23, with South Korea’s KOSPI dropping nearly 10% and European chipmakers also falling. U.S. futures reflected this weakness, as S&P 500, Nasdaq 100, and Dow futures all traded lower before the Wall Street open. The previous trading session saw Nvidia close down 0.97% at $208.65, contributing to a 1.3% drop in the Nasdaq Composite and a 0.4% decline in the S&P 500, while the Dow managed a small gain. Despite recent volatility, the VanEck Semiconductor ETF attracted $6.93 billion in net inflows in one day, representing a substantial portion of total U.S. technology sector fund inflows. Nvidia’s recent price moves have been driven more by broader market forces, including U.S.-Iran diplomatic developments, falling oil prices, and rising yields, rather than company-specific news. Earlier in the week, SK Hynix overtook Samsung as South Korea’s largest listed company, fueled by demand for memory chips. U.S. stocks had rebounded prior to the latest downturn, with semiconductor shares leading gains and Intel surging after President Trump announced a collaboration between Apple and Intel on U.S. chip design and manufacturing, though details were unconfirmed. Investors are watching upcoming catalysts, including Micron’s earnings report and U.S. inflation data, as potential tests for the market’s recent momentum.