Markets sink on global selloff in chip stocks

Jul 16, 2026

A global selloff in chip stocks sent markets lower, as record earnings from TSMC failed to quell doubts about the sustainability of AI spending. The downturn reflects investor concerns over the long-term demand for AI-related hardware.

Why it matters: This selloff signals growing investor skepticism about the durability of the AI boom, which could impact future investment in AI infrastructure.

Full story at: Semafor / AI ↗