Chip stock slump leaves short sellers with $32 billion in paper gains
The Philadelphia Semiconductor Index fell more than 12% over seven days and was heading for an eighth consecutive decline, according to Quartz. Bloomberg describes the slide as the longest chip selloff since 2006, reversing fortunes in a sector that had been among the US market's strongest performers over much of the preceding year.
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Bloomberg Longest Chip Selloff Since 2006 Mints Short Sellers $32 Billion · Carmen Reinicke
Quartz Chip short sellers are sitting on $32 billion in paper gains as stocks slide · Cris Tolomia