Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Cracks Grow Across the AI Trade as Memory-Chip Stocks Tumble
Business & Finance

Cracks Grow Across the AI Trade as Memory-Chip Stocks Tumble

Bloomberg Markets Tuesday 13 October 2026, 09:38 UTC By Abhishek Vishnoi and Winnie Hsu 1 min read
Key Points

Cracks Grow Across the AI Trade as Memory-Chip Stocks Tumble The global artificial intelligence trade is coming under increasing pressure, with a deepening selloff in chip stocks instilling fresh doubts about the sustainability of one of the most powerful investment themes of recent years. Shares tied to the AI boom have been hit as concerns over intensifying competition from China, rising interest rates, stretched valuations and the enormous cost of building AI infrastructure converge....

Cracks Grow Across the AI Trade as Memory-Chip Stocks Tumble The global artificial intelligence trade is coming under increasing pressure, with a deepening selloff in chip stocks instilling fresh doubts about the sustainability of one of the most powerful investment themes of recent years. Shares tied to the AI boom have been hit as concerns over intensifying competition from China, rising interest rates, stretched valuations and the enormous cost of building AI infrastructure converge. South Korea’s Kospi Index plunged 5.5% on Tuesday, while the Philadelphia Semiconductor gauge has fallen more than 7% from this month’s high.
the AI Trade (ORG) AI (ORG) China (LOCATION) South Korea’s (LOCATION) Kospi (PERSON) Philadelphia Semiconductor (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Sitharaman Acknowledges Debate on Transaction Tax

Sitharaman Acknowledges Debate on Transaction Tax India's Finance Minister Nirmala Sitharaman says she would want to "tread cautiously" on the topic of taxation close to the budget, but acknowledges an ongoing debate over long-term capital gains tax and the securities transaction tax.

Bloomberg Markets 7m ago

Why the world’s number-one fund manager has just changed its mind on bonds for the first time in six years

After six years, BlackRock finds opportunities in government bonds.

MarketWatch 13m ago

Billionaire Kotak Says India Should Let Rupee Find Its Own Level

Billionaire Kotak Says India Should Let Rupee Find Its Own Level Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guessing as global capital flows shift. “My personal view is, we should let the rupee find its own level, and over time, the true strength of the economy will play out,” Kotak said at Bloomberg’s New Economy Forum in New Delhi.

Bloomberg Markets 16m ago

Kalshi's Top Inflation Trader Beats Wall Street Banks From His Garage

Screenwriter Beats Wall Street on Inflation Bets From His Garage A former theater director has found an unlikely – and highly profitable – niche on Kalshi Wall Street banks have armies of quantitative scientists, access to the best data, and billions of dollars at their disposal. But when it comes to predicting the next inflation print, an aspiring screenwriter trading from his garage in Los Angeles is giving them a run for their money. Former theater director Brian Golden majored in...

Bloomberg Markets 24m ago