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Semiconductor stocks slide into bear market, BofA flags a reset

MarketWatch reports Bank of America says the semiconductor sector often underperforms in the third quarter amid the current reset.

Reported · Written up by our desk · Sectors

Chip stocks have entered a bear market, signaling weakness across the semiconductor sector, according to MarketWatch.

The outlet says Bank of America characterizes the move as part of a broader sector reset and notes that semiconductors have a tendency to lag during the third quarter.

MarketWatch also frames the call as a caution not to overreact to the near term, emphasizing that the sector’s recent pattern has shown weakness later in the year.

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