Stocks Hit as Chipmakers See Worst Rout Since 2020

What You Need To Know

• Nvidia sank 17% and headed toward the biggest market-cap loss for a single stock in market history.
• A closely watched gauge of chipmakers plunged 10% — the most since March 2020.
• All focus will be on earnings announcements from the likes of Microsoft and Apple this week to restore confidence in the so-called Magnificent Seven.