AI Stocks Drop After Hot Inflation Report Fuels Bets for Rate Hikes
Higher borrowing-cost bets pushed investors out of chipmakers and cloud providers, while the tech-heavy Nasdaq 100 futures fell 1.2%, traders said.
- On Thursday, October 15, 2026, South Korea's benchmark KOSPI index plunged 8%, triggering a trading halt as Samsung Electronics and SK Hynix fell more than 9% and 11%, respectively, leading a regional technology rout.
- Hotter-than-Expected September U.S. inflation data, which hit 3.7% and exceeded the 3.6% forecast, intensified Federal Reserve rate hike expectations and triggered the sell-off across rate-sensitive technology stocks.
- CME Group's FedWatch tool now shows a 37.1% probability of a 25-basis-point rate hike this month, up from around 22% before the CPI release, according to source data.
- Japan's finance minister warned that Tokyo was prepared to intervene to support the yen, while investors sought safety in Treasury bonds as yields above 5.3% attracted renewed institutional demand.
- Investors are pricing in a 66% probability of a January rate lift amid persistent concerns about AI infrastructure financing, suggesting borrowing costs will likely remain elevated into next year.
275 Articles
275 Articles
Technology companies' actions continued to fall on Thursday in international markets, due to concerns about the increasing costs of financing investment in artificial intelligence and increasing competition in the semiconductor industry.The top 20 global companies in the field of artificial intelligence and chips have lost more than 1,000 billion dollars of stock market capital since the beginning of the week, CNBC reports.
Marietta Daily Journal
Western InvestorAI stocks keep falling, but the rest of the market is supporting Wall Street
More drops for artificial-intelligence stocks are hitting Wall Street, but gains for the rest of the market are keeping U.S. indexes near their records. The S&P 500 was virtually unchanged in midday trading on Thursday after erasing an early loss.…
More than $1 trillion has been wiped out of the value of 20 of the largest shares in the artificial intelligence and semiconductor industry since the beginning of the week. And this time, investors who were usually in a hurry to buy in periods of decline seem much more hesitant. Sales have expanded from Asia to...
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