US semiconductor stocks are experiencing massive volatility: The Semiconductor Index, SOX, to S&P 500 ratio is down to 1.45 points, its lowest since April 2026. This ratio has declined -0.46 points, or -24%, from its mid-June peak. Over this period, SOX has fallen -24%, while

US semiconductor stocks are experiencing massive volatility: The Semiconductor Index, SOX, to S&P 500 ratio is down to 1.45 points, its lowest since April 2026. This ratio has declined -0.46 points, or -24%, from its mid-June peak. Over this period, SOX has fallen -24%, while the S&P 500 has gained +2%. The relative decline is comparable to the one seen following the 2000 Dot-Com Bubble burst. However, the ratio is still up +142% since the 2022 bear market low of 0.60. Meanwhile, SOX has also declined for 8 consecutive trading sessions, its longest streak since the 2008 Financial Crisis. Semiconductor stocks are more volatile than ever.