Chip Stocks Are on Pace to Lose $1 Trillion as AI Selloff Grows

Chip Stocks Deepen Losses as Concerns Mount Over Rates, AI Debt

A rout in global technology hardware stocks extended Thursday, as Asian chipmakers followed US peers lower on worries over Federal Reserve interest rate hikes and AI funding difficulties.

Chip stocks are on pace to lose $1 trillion as AI selloff grows

The Philadelphia Semiconductor Index is down close to 10% over six sessions, with Arm, Applied Materials and Intel among the losers

Chip Stocks Set to Erase $1 Trillion in Value as Rout Deepens

A closely watched gauge of semiconductor stocks is on pace to erase more than $1 trillion in market value as concerns mount over higher interest rates, stretched valuations and the enormous cost of building artificial-intelligence infrastructure.

Chip-stock index faces $1 trillion loss as AI concerns deepen

Chip stocks were on pace to erase over $1 trillion in value as the SOX index fell about 10% in six sessions amid rate, valuation and AI funding concerns.