Chip stock sell-off deepens amid concern over AI investment

Published Tuesday, October 13, 2026 · 2:40 AM EDT

A global chip stock sell-off deepened after Broadcom's CEO compared AI investing to a casino, the Financial Times reported. Samsung fell as much as 8.8%, SK Hynix 9.2%, and Micron 4%. Declines in Samsung and SK Hynix dragged South Korea's Kospi sharply lower as investors worried about the scale of AI investment.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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