A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix down 9.2%, and Micron 4% (Financial Times)

Financial Times: A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix down 9.2%, and Micron 4% — Declines for Samsung and SK Hynix drag Kospi sharply lower as investors fret over scale of AI investment

South Korea, Samsung, and SK Hynix say they plan to invest ~$590B to build a new chip complex, including four chipmaking plants and a chip packaging cluster (Song Jung-a/Financial Times)
South Korea's tech-heavy Kospi index falls 10%, dragged down by SK Hynix and Samsung; STMicro and ASML fall ~7%, and US tech stocks fall in pre-market trading (Chloe Taylor/CNBC)
SK Hynix's historic US stock market listing is a bet that the AI boom is breaking the memory chip industry's decades-long boom-and-bust cycle (Bloomberg)
Analysis: Taiwan's stock market value has surpassed the UK's at ~$4.3T, with South Korea close behind, driven by massive gains in TSMC, Samsung, and SK Hynix (Bloomberg)

Source: Techmeme | 2026-10-13

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