Chip Stocks Slide Up to 12% as AI Cost Fears Leave Nvidia Out of Tech Bounce
Updated
Updated · CNBC · Jun 26
Chip Stocks Slide Up to 12% as AI Cost Fears Leave Nvidia Out of Tech Bounce
3 articles · Updated · CNBC · Jun 26
Summary
SoftBank sank more than 12%, SK Hynix fell over 8% and Samsung lost about 9% as concern over rising AI infrastructure costs spread through chip and tech shares worldwide.
U.S. semiconductor names also retreated—Intel lost 3%, Sandisk 6%, Arm 3%, Marvell 4% and Micron 3%—while Nvidia failed to join a broader rebound in Magnificent Seven stocks.
Europe and Greater China followed lower, with ASML down 2%, Infineon 5%, SMIC nearly 7% and Alibaba more than 6%, extending the pressure beyond pure chipmakers.
Apple's 1% rebound came after it raised MacBook and iPad prices on higher component costs, reinforcing fears that soaring semiconductor prices could squeeze big tech margins.
Arm's weakness also reflected wider AI funding doubts after reports OpenAI may delay its IPO to 2027, even as Qualcomm's new Meta data-center chip deal offers Arm some royalty upside.