Global AI stocks sink: SoftBank -11%, SK Hynix -6.4%, ASML -6% in broad selloff
connoraxiotes · x · 2026-09-14
Economist Alex Tabarrok comments on Monday's global AI stock selloff, citing market data:
- SoftBank closed nearly 11% lower in Japan; holding 13% of OpenAI, its drop reads as the market's first real vote on OpenAI equity
- Korea's Kospi sank 3.3% on a 6.4% drop in SK Hynix; ASML fell 6% in Europe
- Premarket in the US: Marvell, Micron, Super Micro down 6%; CoreWeave, SanDisk, Intel, AMD off more than 4%; Nvidia and Broadcom sliding 3%
Tabarrok argues the selloff supports his view that AI safety calls aren't "regulatory capture" and contradicts the cynical take that AI fears are all 4D chess moves for higher revenue.
Related event: AI Executives Call to Slow Development, AI Stocks Plunge Worldwide(7 posts)→
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