#GateSquareMayTradingShare The chip sector just had one of its sharpest single-day pullbacks in recent memory, and the market is paying attention.
On May 12, 2026, U.S. semiconductor stocks experienced a significant pullback as investors took profits following a recent AI-driven rally. Qualcomm plummeted over 14%, marking its worst single-day session since 2020. Intel dropped 11%. Analog Devices and Skyworks Solutions each fell more than 7%. The iShares Semiconductor ETF dropped nearly 7% in a single session, reflecting a broad withdrawal from the sector.
The trigger? A hotter-than-expected co

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