Wall St futures fall as chip stocks resume slide after Micron-led rally - Yahoo! Finance Canada

U.S. stock futures fell on Friday as semiconductor stocks resumed their slide following a sharp rally led by Micron Technology. Although Micron's robust quarterly forecast had lifted tech stocks globa... Read original →

The AI chip euphoria is hitting a reality check. Micron’s strong guidance briefly lifted sentiment, but soaring capex from 3nm nodes and EUV adoption is straining the entire memory and logic supply chain. Upstream, ASML faces slower tool deployment; downstream, Apple grapples with rising DRAM/NAND costs. Geopolitically, U.S. export controls on advanced equipment are forcing TSMC, Samsung, and Intel to duplicate capacity across Taiwan, China; Arizona; and Korea—raising structural costs. In response, NVIDIA will likely accelerate Grace Hopper commercialization, AMD may push MI300X into training workloads, and Intel could double down on IFS foundry services. Over the next 12–24 months, AI investment will pivot from raw compute hype to power-efficiency pragmatism, triggering a shakeout of firms lacking real customer traction.