Broadcom CEO Hock Tan warned that limited access to capital could become the primary constraint on AI growth, risking project delays by neocloud providers. This financial stress spread to other firms, including CoreWeave, whose shares dropped 25% this week as its bonds sank to distressed levels. Additional pressure came from a new AI model from DeepSeek, which sparked concerns that demand for high-end memory chips would soften, further destabilizing the regional stock rally.
Tuesday, October 20, 2026
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US Semiconductors Hit Longest Losing Streak Since 2008
US Markets11 hours ago
A Goldman Sachs basket of Asian AI hardware stocks fell 11% last week, its steepest decline since July, as investors weigh the impact of rising financing costs on technology spending. US semiconductor stocks fell for eight consecutive sessions, their longest losing streak since 2008, which pulled the sector's benchmark index down 16%. SK Hynix and Samsung Electronics plummeted 57% and 43% respectively from their June peaks, while Samsung Electro-Mechanics sank 23%. These losses occurred despite a fleeting rebound in Seoul, where SK Hynix perpetual futures rallied nearly 8% before those gains were erased.
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