Chip Stocks Extend Pullback Amid AI Bubble Fears - Investopedia
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- Chip stocks extended a pullback amid AI bubble fears, with CNBC reporting the sector shed more than $1 trillion as the selloff hit companies powering the AI boom.
- Lam Research, Monolithic Power Systems, Marvell Technology, Micron, and onsemi saw their shares plummet in the rout, while Axios framed it as investors cooling on previously red-hot chip names.
Why it matters: The $1 trillion loss across chip companies powering the AI boom — with Micron, Marvell, and Lam Research among those whose shares plummeted — marks a sharp reversal for the previously red-hot names as investors reassess AI-driven valuations.
