Chip stocks slide after Broadcom CEO likens AI investing to a 'casino'; Samsung down 7.4%
nordicinst · x · 2026-10-13
Chip stocks across Asia tumbled after Broadcom's CEO compared many AI investors to 'casino' gamblers and China's CXMT claimed progress on a new high-density DRAM architecture.
- Korea's Kospi fell 6.25%; Samsung dropped 7.4% and SK Hynix 10%
- Japan's Nikkei lost 1.8% (Tokyo Electron -7.15%, SoftBank -8.5%); Taiwan fell 2% with TSMC
- US futures mixed; Micron slid 3.9%, with Nvidia, AMD and Broadcom also lower
Investors are rattled by debt-fueled AI infrastructure spending; the IMF has warned an AI share crash could threaten global financial stability.
More from Venture
- Influencer-Turned-Investor Iman Gadzhi Backs AI Video Company Higgsfield From Almaty, Kazakhstan — IndraVahan · 2026-10-13
- Marc Lou shows Stripe payouts from nine products to answer "why not focus on one startup?" — marclou · 2026-10-13
- Cursor founders rejected by top VC in 2023, left a note saying it was the biggest opportunity of the century — shyamalanadkat · 2026-10-13
- Developer sells first app built in college: $1,000 lifetime revenue, $500 exit after 278 days — marclou · 2026-10-13
- Claude's website tops 1B monthly visits for first time, up 542% YoY — gaganghotra_ · 2026-10-13
- One AI-written blog post brought in 2 biggest paying users with ~2x median CTR — tibo_maker · 2026-10-13