← Watchtower
July 18, 2026

Why did semiconductors sell off this week?

Honestly, we don't think it's worth hunting for a catalyst behind a pullback in stocks that already doubled or tripled over the past year. Sharp 20-30% drawdowns with no clear news are a normal part of owning high-momentum growth. The volatility is the price you pay to hold the biggest winners.

10 worst mega caps this week:

šŸ’¾ SanDisk -29% $SNDK
šŸ’» IBM -26% $IBM

šŸ’¾ Marvell -20% $MRVL

šŸ–„ļø Corning -19% $GLW

šŸ’¾ Western Digital -18% $WDC

šŸ’» Applovin -16% $APP

🩼 Intuitive Surgical -15% $ISRG

āœˆļø SpaceX -15% $SPCX

šŸ’¾ Intel -13% $INTC

šŸ’¾ Micron -13% $MU