
Asian Chip Stocks Slide as Nvidia Turmoil Hits Taiex
Asian chip stocks sold off sharply on Nov 12: Taiwan's Taiex fell 2.63% as Nvidia's leadership crisis hit TSMC, while SK Hynix slipped 1.8% and Samsung rose.
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TSMC (TSM) said October revenue hit $17.88B, up 59.7% from a year ago, as AI chip demand stays strong.
2d ago
Nvidia (NVDA) trades near $180 versus Friday's $186.64 close as its board examines a Chinese spy link.
3d ago
AMD (AMD) posted record data center sales of $8.55B and guided Q4 revenue to about $17B, above forecasts.
Nov 4
OpenAI raised only about $11B so far, adding to AI-spending worries that weighed on Nvidia (NVDA) shares.
Nov 2
The S&P 500 (SPX) closed at 7,580 as traders weighed a likely Democratic Congress for defense, drugs and AI
Nov 1
Philadelphia Semiconductor Index (SOX) fell 7.2% as SOXX lost 17% in October on AI spending doubts.
Nov 1
Intel (INTC) closed at $93.74 as it agreed to buy Classiq and New Street upgraded it before earnings.
Oct 28
Intel (INTC) and Marvell fell over 5% premarket as Tesla and Meta earnings left AI spending doubts.
Oct 22
Intel (INTC) is 36% below its June peak, and JPMorgan now sees balanced risk after a long Underweight call.
Oct 19
GlobalFoundries (GFS) will build two New York chip plants, and the US government will take a 4% stake.
Oct 15
Nvidia (NVDA) closed at $221.30 as CEO Jensen Huang said he would cut off customers building unsafe AI.
Oct 15
Nasdaq Composite (^IXIC) ended at 27,193.34 as Oracle and Intel each lost over 5% on AI revenue worries.
Oct 12
Oracle (ORCL) traded near $135.69 as the Nasdaq 100 lost 1.4% and chip stocks slid on weaker OpenAI revenue.
Oct 8
Intel (INTC) CEO Lip-Bu Tan says the chipmaker stays in Terafab, and shares rose 2% before Wednesday's open.
Oct 7
The stock spiked as much as 14% intraday on Friday, October 2, and is up more than 200% in 2026. Reports of the Friday close and the exact year-to-date figure conflict, so both are flagged below.
Oct 4
Nasdaq (^IXIC) notched an all-time close as Intel gained 12%, AMD crossed $1 trillion, and oil slid 4%.
Sep 24
Nasdaq (COMP) set its first record since June as semiconductors (SOXX) surged 4.3% on Xi dinner hopes.
Sep 22
Intel (INTC), up 194% in 2026, strikes Micro LED packaging deal with AUO Optronics challenging TSMC's AI lead.
Sep 21
Intel (INTC) partner Altera eyes $2B-plus IPO, biggest semiconductor offering since Arm's 2023 debut.
Sep 14
Intel (INTC) shares jumped as much as 9.6% after reports it will raise PC CPU prices about 10% starting in October.
Sep 8

Asian chip stocks sold off sharply on Nov 12: Taiwan's Taiex fell 2.63% as Nvidia's leadership crisis hit TSMC, while SK Hynix slipped 1.8% and Samsung rose.

AMD gained about 3% to 4% and Broadcom 5% to 6% on Nov. 12 as investors shifted out of Nvidia after CEO Jensen Huang resigned, and William Blair upgraded AMD to outperform.

SoftBank shares jumped nearly 14% and lifted the Nikkei back above 60,000 on Nov. 10, hours before a ¥1.1 trillion ($7 billion) AI-linked quarterly loss.

AI stocks sank Thursday as the Dow lost 1,833 points and the Nasdaq entered a correction, wiping $1 trillion off big tech. Friday's rebound was partial.

AI stocks shed about $930 billion as the Nasdaq fell up to 5%, erasing post-election gains on fears of tighter AI regulation under Democratic control.

KOSPI fell as much as 5% on Nov 5 as SK Hynix and Samsung dropped 7-9% on fears a Democratic Congress will curb US data-center construction and permitting.

Intel fell another 8.8% on Monday after its worst day since 1974, and the Nasdaq-100 slipped into a correction as the chip selloff reached $3.7 trillion.

Illumina (ILMN) stock fell 18.6% to $235.99 on Oct. 30, its worst session since 2016, despite a Q3 earnings beat and a raised full-year 2026 revenue forecast.

Wall Street faces midterm elections, Apple and Palantir earnings and a 55K jobs forecast after Nasdaq's worst month since March 2025, with Democrats favored.

OpenAI trimmed its funding round target to as much as $20 billion from about $30 billion at a $1.25 trillion valuation as the AI selloff deepens spending doubts.

Intel (INTC) sank 28.6% on weak Q4 guidance, its worst day since 1974, dragging the Nasdaq down 2.9% and the SMH semiconductor ETF down 9.1% on Friday.

Nasdaq-100 futures fell about 2% in Friday premarket trading after Amazon and Intel results sharpened investor doubts over AI spending, hitting chipmakers from AMD to Nvidia.

Intel (INTC) shares fell about 25% premarket after a $15-16 billion Q4 revenue forecast missed estimates, with PC demand weakening and free cash flow set to stay negative.

Amazon and Intel report third-quarter results after the close on October 29, with options pricing moves of about 7% and 9% as investors test AI spending and returns.

Intel shares rose 4% to $90.47 after New Street Research upgraded the stock to Buy, citing an AI-driven server CPU shortage ahead of Q3 results on October 29.

A reported $2.8 billion Nvidia and Tesla investment in Samsung Electro-Mechanics revived circular financing fears and hit AI stocks on Thursday, October 22.

Intel shares rose about 2.4% to near $92 after JPMorgan upgraded the chipmaker to Neutral, as Mizuho and BNP Paribas lifted price targets on AI server demand.

The Philadelphia semiconductor index fell eight sessions straight, its longest losing run since 2008, before rebounding on Monday as Micron regained $1 trillion.

JPMorgan upgraded Intel (INTC) to Neutral from Underweight with an $85 price target, citing the CEO's turnaround and better chip yields; shares rose 4% premarket.

TSMC's record third-quarter profit rose 68.7% on AI demand, yet US-listed shares slipped as margins narrowed and Terafab talks with Elon Musk stayed unresolved.

CoreWeave (CRWV) shares fell about 25% this week as credit default swaps topped 1,000 basis points, putting its $51 billion AI debt load under scrutiny.

Nvidia (NVDA) fell 3.2% to $221.30 and led a global chip selloff after hot CPI, as CEO Jensen Huang said it would cut off buyers developing unsafe AI.

SoftBank fell about 8.8% and Japan's Nikkei 2.6% on Oct. 13 as an AI stocks selloff spread across Asia on worries over AI financing and chip competition.
Nvidia, Oracle, CoreWeave, AMD and Micron fell after OpenAI's annualized revenue was put near $50 billion, not $70 billion, reviving AI spending doubts.
Terafab will be built and run by Tesla and SpaceX, Elon Musk said, leaving TSMC at most a sublease as Intel shares rose on its continued role in the project.

AMD shares jumped about 4% to a record near $657 after Citi lifted its target to $800, betting AI agents like Meta's Muse will spark a server CPU boom.

Intel (INTC) fell about 4% after Elon Musk confirmed talks with TSMC to join the Terafab chip project, raising questions over Intel's foundry comeback.

SpaceX (SPCX) closed at $171.09 on Nasdaq, its best finish since June, as a Morgan Stanley note, a first Starship orbit and TSMC chip talks lifted sentiment.

Nvidia shares hit a record $237.88 and a $5.7 trillion market value after a record $150 billion buyback, leaving the AI chipmaker near a $6 trillion first.

The September ISM manufacturing index slipped to 54.5, just under forecasts, while prices paid jumped to 77.9, pressuring stock market today as yields climbed.