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As of Jul 17, 2026
For informational purposes only.
Today · Jul 17
Today · Jul 17
If you’re heavy in tech or AI stocks, today probably felt rough. The big story was another leg down in the tech/semiconductor selloff, which pulled the Nasdaq lower while old‑school energy names quietly pushed higher.
The Nasdaq dropped more than the S&P and Dow, with growth stocks falling much harder than value. Only about one‑third of stocks rose today, so it wasn’t just a few names — the average stock finished down roughly 0.7%. Tech, chips, and consumer‑linked companies were the clear losers, while energy was the one standout sector, up more than 1%.
Under the surface you can see a rotation: investors are backing away from the high‑flyers of the AI boom and moving toward steadier, cash‑generating businesses. High‑risk “high beta” stocks fell sharply; lower‑volatility, defensive names slipped only a little. Semiconductor names, which had huge gains earlier in 2026, are now in a sharp reversal — one index of chip stocks is down about 20% since late June, and individual names like SNDK, NVDA, AMD and others continued to slide.
Volatility ticked up — the VIX jumped about 12% — but it’s still in a normal range, more like a warning light than a full‑blown alarm.
Two forces are colliding:
