Which stocks were most affected?

Chipmaker stocks like Micron (MU) were most affected, along with NVIDIA and AMD.

Were Walmart shares also affected?

Yes, Walmart (WMT) shares were impacted by the broader market decline.

S&P 500, Nasdaq, Dow Drop as Tech and AI Selloff Continues

US major indices fell Tuesday as a broad selloff in tech and AI stocks continued. Chipmaker stocks led the decline, tracking weakness in Asian equities, particularly South Korean stocks.

June 23, 2026

1 min read

Source: Stocktwits

US major stock indices — the S&P 500, Nasdaq, and Dow Jones Industrial Average — declined during Tuesday's session as a broad selloff in technology and artificial intelligence stocks persisted. Chipmaker stocks led the decline, tracking weakness in Asian equities, particularly South Korean stocks.

Potential Causes

The selloff comes amid renewed concerns over slowing demand for chips, following weak data from some Asian markets. The ongoing selloff in AI stocks is also pressuring the broader tech sector.

Context

Chipmaker stocks such as Micron (MU) faced selling pressure, reflecting broader sector worries. This follows weeks of volatility in tech stocks as investors await corporate earnings and forward guidance.

Similar Moves in the Sector

The declines were not limited to Micron alone but also included other chipmakers like NVIDIA and AMD, indicating a systematic selloff in the sector. Retail stocks like Walmart (WMT) were also impacted by the broader market decline.

Frequently Asked Questions

Indices fell due to a broad selloff in tech and AI stocks, led by chipmakers tracking weakness in Asian equities.

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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.