Coin Bureau|Oct 13, 2026 19:18
🚨TODAY: Global AI stock SELL OFF deepens as U.S. semiconductor stocks head for a SIXTH straight decline.
The selloff signals a MAJOR shift in sentiment toward the AI trade, as rising interest rates threaten an infrastructure spending boom larger than the historic U.S. railroad expansion, per Reuters.
South Korea's KOSPI plunges 6%, Japan's Kioxia crashes 13%, while memory and storage stocks tumble:
Western Digital (WDC): -6.5%
Seagate (STX): -6.1%
SK Hynix (SKHY): -4.8%
Micron (MU): -4.7%
SanDisk (SNDK): -4.1%
BlackRock has also downgraded U.S. equities to "neutral", warning of AI-related volatility as investors question whether massive AI investments can justify elevated valuations.
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