AI stocks sold off this past week. Which parts of the supply chain still have the strongest demand?
Companies supplying AI compute, memory, & manufacturing seem to still be in strong positions.
Ulys retweeted
Wall Street’s AI crash has officially gone global.
Asian stocks have now erased $6 trillion since their peaks.
4 major markets are now in BEAR MARKET territory:
1. South Korea, KOSPI: -45%
2. China, CSI 300: -30%
3. Taiwan, TAIEX: -24%
4. Japan, Nikkei 225: -21%
Today alone, Asia erased over $1 trillion.
This follows US selloff that saw S&P 500 fell -4.4% and the Nasdaq -5.5%, erasing $3 trillion.
Investors are now betting a Democratic Congress will put the brakes on AI spending.
Fears grew as US lawmakers push a bill to permanently ban artificial superintelligence.
Leverage made it worse, as those who borrowed to chase the AI rally were forced to sell into the drop.
But why is a US selloff crashing Asian stocks too?
Because Asia makes the chips powering America’s AI boom.
Samsung and SK Hynix now account for over 50% of South Korea’s KOSPI.
TSMC alone is over 40% of Taiwan’s TAIEX.
These companies make the chips inside US AI data centers.
So if the US cuts AI spending, it buys fewer chips from Asia.
That’s why when US investors sold AI stocks, Asian investors sold too.
BREAKING: Asia now has 4 major stock markets in bear markets, after Japan and Taiwan joined today.
🇰🇷 South Korea: −45% from its June record
🇨🇳 China’s Shenzhen: −30% from its June high
🇹🇼 Taiwan: −24% from its October record
🇯🇵 Japan: −21% from its June record
Japan, South Korea and Taiwan have lost over $900,000,000,000 this morning.
AI giants TSMC, SK Hynix and SoftBank are all down around 10%.
It follows US chip stocks’ 2nd worst day on record.
There’s a basket for this btw
Amazon ($AMZN) and Google ($GOOGL) could outperform Nvidia ($NVDA) as AI investors shift toward companies monetizing the technology, says investor Joseph Carlson.
He argues slower data center construction could benefit Big Tech by reducing costs.
benzinga.com/markets/predict…
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