US Markets
Home›US Markets›Sectors›Semiconductor stocks slide as investors turn risk-off…
Semiconductor stocks slide as investors turn risk-off and AI spending faces scrutiny
Semiconductor stocks had shed $3.3 trillion in market value since June 22, while Applied Materials and Lam Research each fell more than 4% on Friday.
Semiconductor stocks fell on Friday as investors moved to a more risk-off stance, with declines spread across major chip and related names including Nvidia, AMD, Broadcom, Intel, Marvell, and Qualcomm, according to Yahoo Finance.
In the semiconductor equipment space, Applied Materials and Lam Research each dropped more than 4%, while memory and storage stocks including Micron Technology and SanDisk trimmed losses and turned green during the session.
The pullback reflects continued concern that investors want clearer returns on heavy AI infrastructure spending, particularly after Taiwan Semiconductor Manufacturing Company guided to higher-than-anticipated capital expenditures partly due to higher tool prices, Yahoo Finance reported.
The story’s backdrop also includes shifts in AI competition and delivery timelines, including a widely available AI model release by Chinese startup Moonshot and a Bloomberg report that Alphabet was behind schedule on delivering Gemini 3.5 Pro, with Wall Street set to look to earnings for confirmation that AI capex remains justified.