BlockBeats News, July 17th, US stock market opened with the Dow Jones down 0.24%, the S&P 500 down 1.15%, and the Nasdaq down 1.8%. The Philadelphia Semiconductor Index dropped over 3%, on the verge of entering a technical bear market.

According to BIT (bit.com) market data, in terms of individual stocks, heavyweight stocks saw Nvidia fall by 2.2%, Qualcomm by 3%, Intel by 3.5%, Microsoft by 1%, and SpaceX by 3%. As a result, Apple surpassed Nvidia to become the world's most valuable company by market capitalization.