The semiconductor sector is witnessing a notable selloff, impacting major AI chip companies significantly. NVIDIA's market value dropped by more than $300 billion, while other key players such as Micron Technology, Advanced Micro Devices (AMD), and Marvell Technology also recorded substantial losses. This downturn reflects broader market pressures on semiconductor stocks, affecting investor sentiment and valuations across the industry. The decline underscores the volatility in the technology sector, particularly among companies specializing in AI chip production, which are critical to various technological advancements and applications. Major AI and chip companies were hit hard, with NVIDIA shedding more than $300 billion in market value, while Micron Technology, Advanced Micro Devices and Marvell Technology posted steep losses.