US-listed chipmakers lost $1.3 trillion (over ₹123 lakh crore) in market value on Friday, with shares of NVIDIA and Micron among the biggest losers. The PHLX chip index plunged 10.3%, marking its biggest one-day loss since the pandemic-driven market turmoil of March 2020. The selloff came after Broadcom's quarterly report showed demand for its AI chips falling short of expectations.