Intel stock collapse worsens as $3.5T chip rout spreads

What happened: Chip stocks fell again Monday even as about 7 in 10 S&P 500 stocks rose. Intel (INTC) slid about 9% after its worst day since 1974 on Oct. 30. Key numbers: Chip group shed more than $400 billion in market value in one session. Chip and memory stocks lost about $3.7 trillion since Oct. 6. Why it matters: Adam Johnson of Bullseye Brief said the sell-off already priced in the worst and typically marks a bottom. John Chambers of JC2 Ventures expects the gap between winners and losers to widen and said he would not bet against Nvidia. Coverage: 4 outlets in 24h

Chip stocks fell again Monday even as about 7 in 10 S&P 500 stocks rose. Intel (INTC) slid about 9% after its worst day since 1974 on Oct. 30.

Adam Johnson of Bullseye Brief said the sell-off already priced in the worst and typically marks a bottom. John Chambers of JC2 Ventures expects the gap between winners and losers to widen and said he would not bet against Nvidia.