Tech stocks are getting crushed again after chipmaker comeback sputters
NYSE Stocks were deep in the red on Tuesday, reversing direction after earlier gains. The Nasdaq 100 fell almost 4% around midday, erasing gains from Monday's session. A fresh rally in chipmakers sputtered and reversed course, with the VanEck Semiconductor ETF down 7%. After a comeback rally on Monday and in the early hours of Tuesday's session, stocks are seeing red again. A chipmaker-led rally turned sour by late morning, with the Nasdaq 100 down almost 4% and the S&P 500 falling 2%. The chip sector was getting crushed again in the session after a rally on Monday helped erase some of the losses from the end of last week. The VanEck Semiconductor ETF plunged nearly 7% around 1 p.m. ET. Some of the hardest hit stocks in the chip space included: Marvell , optical names , and quantum computing plays . Nvidia stock dropped 4%, Micron Technology was down 9%, and Broadcom lost 6%. Here's where major indexes stood around 1 p.m. ET: S&P 500 : 7,274.68, down 1.77% Dow Jones...