US chip stocks lost approximately $1 trillion on June 6, representing a 14% single-session decline for a sector previously valued at around $1.4 trillion. Micron Technology fell 13.3% on Friday before surging 9.9% on Monday, highlighting the extreme volatility. The top ten decliners alone accounted for $1.1 trillion in losses. By June 8, traders returned to the same names, pushing chip stocks and AI-linked equities sharply higher. Micron had already tripled year-to-date before this turbulence.
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