Financial Times ·

A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix down 9.2%, and Micron 4%

Declines for Samsung and SK Hynix drag Kospi sharply lower as investors fret over scale of AI investment

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A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix down 9.2%, and Micron 4%

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Financial Times — A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix down 9.2%, and Micron 4% ↗

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Oct 13Oct 14

Coverage

CNBC: Speaking in Singapore, Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan warn that access to capital and rising borrowing costs could become AI's main bottleneck

Bloomberg: Bloomberg

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Barron's Online: Barron's Online

Reuters: Reuters

Associated Press: Associated Press

Bloomberg: Bloomberg

Protos: Protos

Cointelegraph: Cointelegraph

CNBC: CNBC

Dow Jones Newswires: Dow Jones Newswires

New York Times: New York Times

Korea JoongAng Daily: Korea JoongAng Daily

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CNBC: Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix falls 10%+ on the KRX, while Samsung drops ~10%

Reuters: AI-connected Asian stocks fall sharply following US tech leaders' call for pacing AI development, with SoftBank, Kioxia, SK Hynix, Minimax, and Z.ai down 5%+

CNBC: CoreWeave closed down 15.5% as yields on its bonds near 15% amid concern over tech companies' heavy AI borrowing; Oracle dropped 8.8%, Nebius 10%, Dell 11.3%

Bloomberg: Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending

Bloomberg: Filing: Shanghai-based AI chipmaker Biren raises ~$515M in a new share sale; Biren's Hong Kong-listed stock is down 50%+ from a June peak but up ~70% YTD

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