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Nvidia, AMD, Intel hit new 52-week lows

Yahoo Finance Live anchors break down how markets and chip stocks are trading.

Video transcript

JULIE HYMAN: All right, let's get one more check on the markets here. And I just want to look at some of the components here, as we see this sell off, and of course, being led by the NASDAQ. Here's the NASDAQ 100 heat map. I see no green.

I don't know about you guys, and you have better eyes than I do, but I see no green on that screen. And I see a lot of dark red, in fact. Apple, which we were just talking about, Amazon, Tesla, Alphabet, Microsoft, all the biggies, Meta, Nvidia, are all down sharply here today. All of them falling by at least 2%.

And I'm also watching some of the ETFs representing the leaders to the downside here. Ark, of course, which is a big momentum play with these sort of futuristic bets, if you will, in the market is down 5.6%. The KWEB index, which is China internet.

So things that are being seen as sort of risk proxies here that caught a lot of the hot money on the way up are now getting it on the chin on the way down.

BRIAN SOZZI: Well, those are our companies. They're going to change the future, Julie, of course. They're going to triple because the future.

JULIE HYMAN: They might eventually.

BRIAN SOZZI: Absolutely.

JULIE HYMAN: But not today.

BRIAN SOZZI: Oh yes.

JULIE HYMAN: And not this year.

BRAD SMITH: Can I just zero in real quick on some of those semiconductor stocks, because we're seeing a number of new 52-week lows. Nvidia, AMD, Intel, all hitting 52-week lows here on the day, as we were taking a look at some of the chip names there on your screen.

JULIE HYMAN: Yeah.