What is the PHLX Semiconductor index?

It is an index tracking the performance of semiconductor stocks listed on the Philadelphia Stock Exchange and is a key benchmark for the chip sector.

Does this recovery signal the end of the downturn?

Not necessarily; the uptick is modest and could be temporary. Investors should watch underlying factors affecting the sector.

Broadcom, Micron Recover After Chip Index's Worst Day

Shares of Broadcom (AVGO) and Micron (MU) are recovering some ground in premarket trading today, following the PHLX Semiconductor index's second-worst day of the year.

June 17, 2026

2 min read

Source: The Wall Street Journal

Shares of Broadcom (AVGO) and Micron (MU) are recovering some ground in premarket trading today, following the PHLX Semiconductor index's second-worst day of the year. The modest uptick comes after a sharp sell-off in chip stocks yesterday.

Details

According to a report from The Wall Street Journal, Broadcom (AVGO) and Micron (MU) are among chip stocks edging higher premarket after the PHLX Semiconductor index suffered its second-worst day of the year on Tuesday. The exact percentage gains and losses were not specified.

Context

The recovery follows a tough session for the broader tech sector, with semiconductor stocks hit particularly hard. The underlying reasons for the decline remain unclear, but markets are awaiting further economic data and corporate earnings.

What It Means for Investors

Despite the slight recovery, the semiconductor sector remains volatile. Investors should monitor developments closely, as macro factors such as interest rates and trade tensions could impact performance.

Frequently Asked Questions

The stocks are edging higher premarket after the PHLX Semiconductor index suffered its second-worst day of the year, indicating a partial recovery.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.