Chip-stock bets lost $52 million in 10 minutes with Wall Street shut
About $51.6 million in leveraged positions were force-closed in 10 minutes as traders bet against chip stocks on crypto exchanges, CoinGlass data showed.
- Semiconductor shares across Asia, Europe, and Wall Street suffered a sharp, coordinated sell-off today as investors locked in profits amid mounting concerns.
- A sudden wave of selling wiped out nearly $52 million in crypto traders' leveraged bets in 10 minutes on Saturday, according to CoinGlass data.
- SOXL, a fund tracking chip shares, took the biggest hit at about $12.7 million, while SanDisk and SK Hynix contracts each lost about $10.8 million.
- Wall Street is questioning whether big tech companies can earn adequate returns on their billions in AI data center investments as software revenue gains fail to match expenditures.
- Aggressive state subsidies in Beijing and rising Chinese competition from firms like CXMT are flooding mature-node semiconductor markets, threatening Western chip profit margins going forward.
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Global Semiconductor Chip Stocks Tumble Over AI Costs
Last Updated on October 18, 2026 by Jeff Tomas BANGKOK – Trading desks around the world flashed bright red today as semiconductor shares suffered a sharp, coordinated sell-off across Asia, Europe, and Wall Street. Investors rushed to dump hardware giants amid growing anxiety over massive artificial intelligence spending and intense competition from Chinese chipmakers. The […] <p>The post Global Semiconductor Chip Stocks Tumble Over AI Costs firs…
Although chip companies on the Damrak recovered slightly during the day, they still closed sharply lower. Nevertheless, the loss for the AEX remained limited, as the reduction of risk benefited defensive companies. In the US, the Dow Jones posted a nice gain and the Nasdaq index erased its heavy opening losses.
Chip companies ASML, ASMI, and Besi were the big losers on the Amsterdam stock exchange on Thursday. Chip companies worldwide have been sold off due to concerns about whether the massive investments in artificial intelligence justify the high valuations. As a result, investors sought refuge in the safety of bonds.
CNN’s Fear and Greed indicator scored 18 points after a difficult week for Nasdaq and semiconductors. While concerns about AI-related debt and interest rates persist, traders lost nearly USD 52 million in leveraged bets on technology shares over the weekend, according to CoinDesk.
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