BREAKING
Chip Stocks Tumble on AI Demand Fears
June 23 Selloff Across Chip Names
SOX
7.9
Micron
12.7
AMD
5.8
Nvidia
3.3
0
B
2026 cloud CapEx
0
T
global AI spending
How Strong Results Sparked Fear
1
Micron record earnings
↓
2
84.9% gross margin
↓
3
Higher buyer costs
↓
4
Margin erosion fears
0
%
DRAM price YoY
0
%
Apple price hike
Correction or Cycle Turning Point
AI NEWS BLITZ
Chip stocks plunged on June 23 as investors questioned whether AI spending pays off.