Semiconductor stocks are getting hammered right now.
The SOX Index relative to the $SPY just hit 1.45—lowest since April 2026. That's a 24% drop from the June peak. Meanwhile, the S&P is actually up 2% over the same stretch.
To put that in perspective: this kind of relative underperformance hasn't been seen since the Dot-Com crash.
And SOX itself? Down 8 straight sessions—longest losing streak since 2008.
Yes, the ratio is still up 142% from the 2022 lows. But right now, chip stocks are acting like the market's punching bag. Wild swings, no follow-through, pure volatility.
If you're in semis, buckle up. This sector doesn't do anything halfway.
The SOX Index relative to the $SPY just hit 1.45—lowest since April 2026. That's a 24% drop from the June peak. Meanwhile, the S&P is actually up 2% over the same stretch.
To put that in perspective: this kind of relative underperformance hasn't been seen since the Dot-Com crash.
And SOX itself? Down 8 straight sessions—longest losing streak since 2008.
Yes, the ratio is still up 142% from the 2022 lows. But right now, chip stocks are acting like the market's punching bag. Wild swings, no follow-through, pure volatility.
If you're in semis, buckle up. This sector doesn't do anything halfway.