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Chip stocks suffer their biggest drop in nearly 10 years

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Semiconductor stocks had their worst day in almost a decade Wednesday.

 

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I have no idea why analysts setting a high target price for $AMD still have jobs. And I have no idea how come investment banks peddling their reports are still in business.

Bullet point list of risks to AMD, presciently published two months ago when it was at peak hype.

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The stock market is overdue for a one-day 5% or 10% plungeAn academic study finds the stock market will experience a 5% daily drop every 1.6 years, on average, and a 10% drop every 13 years.
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