A selloff in US tech stocks is raising concerns that rising financing costs could curb AI infrastructure spending, threatening earnings across Asia's chip supply chain. Oil surged to $110 a barrel, stoking inflation worries, while an eight-session rout in US semiconductor shares, the longest since 2008, cut roughly 16% from the sector benchmark. A Goldman Sachs basket of regional AI hardware stocks fell 11% last week. Nan Ya Plastics dropped 12% from a record high, Unimicron fell 14% and Samsung Electro-Mechanics plunged 23%. CoreWeave's bonds sank to levels signaling distress, and Gartner warned more than $3.5 trillion of AI infrastructure spending could be impaired by 2030. TSMC, Samsung and SK Hynix make up nearly a third of the MSCI Asia ex-Japan Index, so suppliers further down the chain face the same spending risk.
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semiconductorsartificial intelligenceoil pricesNVDA
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NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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