Lead
Semiconductor stocks are leading a market pullback, falling 13.3% from their recent peak, even after a strong run earlier this year. As of November 2, 2025, the semiconductor cohort was still up 27.6% since December 2024, while major U.S. equity indices remain positive over the same period.
Key Developments
- Semiconductors: Down 13.3% from peak; still up 27.6% from December 2024 to November 2, 2025
- NASDAQ Composite: Up 14.3% since December 2024
- S&P 500: Up 11.2% since December 2024
- Dow Jones Industrial Average: Up 7.5% since December 2024
The data reflects performance changes from a December 2024 baseline to early November 2025, with key indices maintaining gains despite a sharper reversal in chip-related names.
Context and Implications
Semiconductor stocks have been among the market’s most influential movers over the past year, amplifying both rallies and drawdowns. The 13.3% decline from peak indicates a notable rotation out of chip names, which can influence broader risk sentiment given their outsized role in technology leadership.
While the NASDAQ (+14.3%), S&P 500 (+11.2%), and Dow (+7.5%) remain higher since late 2024, the recent semiconductor slide may signal consolidation after a strong advance. For crypto market observers, equity leadership changes—especially within high-beta technology segments—often correlate with shifts in risk appetite, though direct causation varies over time.
Market Snapshot
- Timeframe observed: December 2024 through November 2, 2025
- Trend summary: Semiconductors led the run-up and now lead the pullback, while broader indices retain year-over-year gains
Conclusion
The semiconductor sector’s 13.3% drawdown from its peak stands out against still-positive benchmark returns since December 2024. Investors will be watching whether this pullback stabilizes or broadens, given chips’ central role in steering overall market risk sentiment.