A fresh selloff in memory and semiconductor stocks, a stark Fitch warning on AI-driven credit risk, and Amazon's retreat from its flagship AI models underscored growing unease even as AI data-center buildout kept accelerating.
A reported Chinese breakthrough in chipmaking tools triggered a global semiconductor selloff, while Big Tech pressed ahead on AI infrastructure spending and Fitch flagged AI market risk.
A worsening semiconductor rout dragged global stocks to a one-month low even as Big Tech pressed ahead with AI infrastructure spending and faced fresh regulatory and competitive challenges.
A sell-off in chip stocks spread from Wall Street to Seoul as investors weighed AI financing worries and Chinese competition, even as Nvidia and China's chip sector logged very different kinds of AI-driven wins.
Industrials, defence start-ups and crypto traders are all riding the AI wave even as valuation warnings grow louder and the labor-market fallout comes into focus.