Nasdaq falls as AI chip jitters hit Micron and Samsung suppliers
The Nasdaq Composite fell as investors sold semiconductor shares, wary that the artificial-intelligence boom that has powered markets may be cooling. The slide came even after Samsung reported a record surge in quarterly profit, which failed to reassure investors about memory-chip demand. Micron and other chipmakers led the declines.
The Nasdaq Composite slid as selling pressure spread across technology-heavy shares. Investors are increasingly concerned that the artificial-intelligence-driven demand for chips, which has lifted markets over the past two years, may be approaching a peak.
Samsung's shares fell even after the company reported a sharp jump in quarterly profit. According to analysts, investors worry that memory-chip prices could come under renewed pressure from oversupply. Micron and other memory makers posted some of the day's steepest declines.
Market participants are now focused on upcoming earnings from major chipmakers. The durability of the AI investment cycle remains the key factor likely to determine the index's direction in the weeks ahead.
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