Coin Bureau
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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