U.S. chip stocks fell sharply this week over doubts about AI spending and high valuations, with the iShares Semiconductor ETF (SOXX) down 10.2% through Thursday. CoreWeave (CRWV) plunged 15.5% on Wednesday after Bloomberg reported its unsecured debt due 2032 fell below 80 cents on the dollar, a level seen as a sign of financial strain. Some Anthropic investors are reportedly considering a valuation of around $1.5 trillion for its anticipated IPO, below the earlier $2 trillion expectation. Strong results from TSMC, which projected 51% revenue growth for the current quarter, and ASML, which raised its 2026 sales outlook for a third time, eased concerns about AI chip demand, though their shares still fell. Apple is reportedly set to launch Apple Intelligence in mainland China in December, excluding the new Siri assistant, after Beijing's approval.
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/15/2026 | 217.23 |
| Change that session | -1.84% |
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/15/2026 | 342.00 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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