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Barchart
Barchart
Rich Duprey

Wall Street Says AI Is Slowing. Taiwan Semiconductor’s Latest Move Says Otherwise.

Taiwan Semi Taiwan Semiconductor TSM Semiconductor Nvidia AMD

The market is starting to wrestle with a new concern. After nearly three years of relentless spending on artificial intelligence infrastructure, some investors are wondering whether the boom is finally running out of steam.

That fear showed up in force yesterday. Technology stocks sold off broadly, and many of the market's biggest AI winners suffered the deepest losses. Memory chip makers took the hardest hit. Micron Technology (MU) fell 13%, Sandisk (SNDK) dropped 13%, Western Digital (WDC) declined 9%, and Seagate Technology (STX) lost 5%. Even Nvidia (NVDA), the poster child of the AI revolution, fell more than 4%.

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