The broader S&P 500 also declined, while the Nasdaq 100 index, which tracks the largest non-financial companies on the exchange, lost 1.2% during the session. Wednesday's losses extended a chip-sector selloff that has now stretched across multiple trading sessions. The chip selloff has hit Asian markets especially hard in recent sessions. Wednesday's trading also comes as investors brace for a heavy stretch of corporate earnings from some of the technology sector's largest AI infrastructure spenders. During Tuesday's session, 382 individual holdings within a broader market index advanced even as chip stocks were "getting hammered," according to market commentary, illustrating how narrowly concentrated the technology-sector selling has been relative to the performance of the broader market.