US Open: Wall Street slides amid semiconductor stocks sell-off 📌Intel down 6% - XTB.com

The US stock market is experiencing a notable downturn, particularly in technology and semiconductor stocks, as investors rotate out of AI and chip-related names. The Nasdaq 100 and S&P 500 futures ar... Read original →

Strong labor data has dimmed near-term Fed rate-cut hopes, triggering a tech valuation reset—with semiconductors hit hardest. Technically, soaring capex for 3nm and EUV faces headwinds from rising financing costs, likely delaying TSMC (Taiwan, China) and Intel’s advanced-node race and slowing AI chip cadence. Compliance risks intensify: U.S. export controls and CHIPS Act strings force costly supply chain reconfigurations. Strategically, NVIDIA may accelerate vertical integration to secure capacity, while Broadcom leans into hardware-software bundling to dampen cyclicality. Over the next 12–24 months, capital efficiency—not just tech leadership—will dictate survival. Mid-tier foundries and fabless firms face existential pressure. Despite robust long-term AI demand, a painful de-rating of AI-driven valuations is inevitable as capital rotates toward cash-generative, geopolitically resilient assets.