Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.”The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally. The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. On this episode, Tim Stenovec and Carol Massar speak with: Amanda Lyons, Head of Research, Energy Group Capital Sean Gadd, CEO of Latham Group Katherine Kostereva, CEO of Creatio Gracelin Baskaran, Director, Critical Minerals Security Program at the Center for Strategic and International Studies See omnystudio.com/listener for privacy information.

US Chip Stocks Plunge as AI Selloff Ripples Across From Asia

Bloomberg Businessweek

# Full Transcript

**Podcast:** Bloomberg Businessweek

## Participants

- **Tim Stenovec** (Bloomberg)
- **Carol Massar** (Bloomberg)
- **Amanda Lyons** (Energy Group Capital)
- **Sean Gadd** (Latham Group)
- **Katherine Kostereva** (Creatio)
- **Gracelin Baskaran** (Center for Strategic and International Studies)

## Transcript

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Reporting from the magazine that helps global leaders stay ahead. With insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens. The Bloomberg Business Week Daily Podcast with Carol Masser and Tim Stenovec on Bloomberg Radio. Bruising sell-off in several tech giants, fueling concern that the AI frenzy that has powered the equity bull market might be overblown.

Yeah. Well, we saw the NASDAQ 100 sinking about 3% earlier. The SOX, the key gauge of trip makers that had doubled from war-driven lows, sliding about 7% losses. Now it's down 8.3% since I wrote that earlier. So, it's really come under a lot of pressure. And if you take a look at what happened in terms of the trade overnight, especially in Asia, South Korea's cost be plunging 10% from a record. But that market is so reliant on really two, a couple of big names. That's K-Hynix among them, yeah.

Yeah....

US Chip Stocks Plunge as AI Selloff Ripples Across From Asia

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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US Chip Stocks Plunge as AI Selloff Ripples Across From Asia

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.