Tech Giants Plunge in 2022

According to QUICK FactSet data, the combined market capitalization of 40 major global semiconductor-related companies stood at $3 trillion as of July 1, down nearly $1.8 trillion—or roughly 40%—from year-end 2021. Companies with the steepest declines included MediaTek (Taiwan), NVIDIA (U.S.), Infineon Technologies (Germany, a power semiconductor maker), Applied Materials (U.S., a semiconductor equipment manufacturer), and Tokyo Electron (Japan). From September 21 to September 27, AMD fell 12.83%. On September 26, AMD closed at $66.50—the lowest closing price since July 28, 2020. AMD’s current share price is less than half its 52-week high ($164.46). Among the 30 constituents of the Philadelphia Semiconductor Index, AMD ranked second only to Wolfspeed—the leading silicon carbide materials company—in terms of weekly decline. On an annual basis, the declines across semiconductor firms are even more staggering. As shown in the chart above, Intel’s stock dropped 50.2% over the past year—hitting its lowest level since September 1, 2015. GPU giant NVIDIA fell 40.03%. Among the three major CPU manufacturers, AMD performed relatively best—but still plunged 33.84%. And the slump isn’t limited to chip designers: even TSMC—the most sought-after foundry in recent years—saw its share price fall 25%. Broadly speaking, the semiconductor industry is highly cyclical and closely tied to macroeconomic conditions. As the global economy enters a challenging phase, investor sentiment toward semiconductors has turned cautious. According to the World Semiconductor Trade Statistics (WSTS), global semiconductor sales in July 2022 fell year-on-year for the first time in 32 months. Revenue for the top 15 global semiconductor suppliers declined 1% quarter-on-quarter in Q2 2022—mirroring the broader market trend. Why Are Even the Giants Falling? Every company faces its own unique challenges. Let’s examine them in detail. Some firms grapple with soaring costs. In Q2 2022, NVIDIA reported revenue of $6.704 billion—a 3% year-on-year increase but a 19% sequential decline; net income stood at $656 million—a 72% year-on-year drop and a 59% sequential decline. NVIDIA’s gross margin collapsed—from approximately 65% in recent quarters down to 43.5%. Its challenge has shifted from supply shortages to rapidly ballooning unsold inventory. Beyond material and prepayment pressures in manufacturing, weakening demand continues to inflate NVIDIA’s chip inventory: $3.89 billion in Q2 2022—nearly double the $2.11 billion recorded a year earlier. Total inventory purchases and long-term supply obligations reached $9.22 billion—also nearly double their level a year ago. Recently, NVIDIA CEO Jensen Huang stated that opportunities to advance along Moore’s Law’s cost-performance curve have ended—and reiterated that cost pressures have become NVIDIA’s primary challenge.

U.S. Stocks Hit 52-Week Lows

U.S. equities are exhibiting a rare 'bipolar market': while AI-related stocks hit new highs, another group of large-cap companies has plunged to—or near—their 52-week lows. Today’s most notable development is not just the continued rally in AI and semiconductor stocks—but the pronounced divergence in fund flows across U.S. equities. On one side, AI-linked names—including $AMD, $META, and $INTC—remain exceptionally strong. On the other, numerous consumer discretionary, real estate, telecom, utilities, financial, and travel-related stocks have already fallen to—or are approaching—their 52-week lows. The broad indices may look robust, but not all stocks are participating in this bull market. Capital is becoming intensely concentrated in just a few high-performing sectors. Today’s noteworthy stocks trading at or near their 52-week lows include: Consumer / Brands NKE, MCD, PEP, BROS, DKS, STZ, CLX Housing / Real Estate LOW, RKT, WY, FERG, ADC, SUI, PNR Financials / Telecom TMUS, TU, FIS, AON Utilities / Energy EXC, NRG, PPL, CMS, DTE Travel / Gaming LVS, WYNN, RRR, FLUT, BYD, WH Healthcare / Biotech ZTS, IONS China-Related

Olin Corp Stock Hits 52-Week Low at $14.94

Oct 9, 2026

Olin Corporation's stock dropped to a 52-week low of $14.94 amid volatile chemical markets, plant outages, and litigation. Analysts remain divided, though some view the stock as undervalued with a 5.1% dividend yield.

Investing.com UK

Olin Corp Stock Hits 52-Week Low at $14.94

Investing.com

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