Chip stocks hit lowest level against the S&P 500 since April 2026

The Philadelphia Semiconductor Index has lagged the broader market by a wide margin since June, capped by its longest losing streak since 2008 Semiconductor stocks spent years as the market’s favorite children. Lately, they have been sent to their rooms. The ratio of the Philadelphia Semiconductor Index (SOX) to the S&P 500 has fallen to 1.45. That is its lowest reading since April 2026 and a 24% drop from its mid-June peak. Since mid-June 2026, the SOX has dropped roughly 24%, while the S&P 500 has added about 2% over the same stretch. The damage sped up recently.

Source: Crypto Briefing