Microchip Technology is trading at $73.97 (-4.12%) as a broad semiconductor selloff follows Lam Research’s supply-chain warning. - On October 22, 2026, sector ETF SOXX was reported down about 4% as investors reacted to the warning. - Weak technology shares, concerns about returns on AI spending, and mixed Meta and Tesla results added to risk-off sentiment; no clear company-specific catalyst was found.