Here’s what happened after 17 other semiconductor stock one-day plunges over the last 15 years

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Tom Lee of Fundstrat says the pullback in chip stocks is a buying opportunity

Last Updated: June 24, 2026 at 7:21 a.m. ET

First Published: June 24, 2026 at 6:44 a.m. ET

Microchip stocks tumbled on Tuesday, but a look at similar one-day downturns in the semiconductor sector shows the declines are often fleeting.

Tom Lee, the usually bullish head of research at Fundstrat, found 17 other examples of semiconductor stocks falling at least 6% in a single session since 2011, after the VanEck Semiconductor ETF SMH fell 7% on Monday. That exchange-traded fund is still up 73% this year, driven by the price hikes that producers of memory chips and other semiconductors have been able to pass along to companies building out artificial-intelligence applications.