Micron, Other Chip Stocks Drop During Dog Days Of Summer

Chip stocks tumbled Tuesday in a broad reversal from Monday's solid gains, leaving investors with whiplash. Decliners included Micron (MU) stock and other memory names, and Nvidia (NVDA) and fellow AI chipmakers. The Philadelphia semiconductor index, known as SOX, fell more than 5% in afternoon trades on the stock market today.

On Monday, the SOX, which includes the 30 largest…