Source: The Information Semiconductor stocks sold off on Friday after going on a historic tear over the last several weeks, partly in response to May’s excellent jobs report that fueled speculation about an interest rate hike. Chip maker Marvell fell 17% while memory maker Micron and chip design firm Arm each fell 13%. Bigger chip designers Nvidia, Broadcom, Intel and AMD fell 6%, 8%, 11% and 11%, respectively. AI cloud provider Oracle fell around 9%.