Chip stocks slide as Nvidia rebound fades

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[Stock market chart trading board] bymuratdeniz Chip stocks fell broadly on Friday, with Philadelphia Semiconductor Index (SOX [https://seekingalpha.com/symbol/SOX]) down 5.78%.Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) shares rose in premarket trading but could not hold the gains and were down about 4% in the regular session. The Financial Times reported [https://www.ft.com/content/2a64f698-46dd-4178-a3f4-4c5f4c0a0926?syn-25a6b1a6=1] that Nvidia's board has approached Arm CEO Rene Haas as it searches for a potential successor to Jensen Huang, citing people familiar with the matter.Advanced Micro Devices (AMD [https://seekingalpha.com/symbol/AMD]) fell about 10%, while Intel (INTC [https://seekingalpha.