Global Chip Stocks Decline as Rising Borrowing Costs Fuel AI Spending Fears

Oct 15, 08:51 AM UTCBearishHigh impact

SKHY$147.55 −6.06%SSNLF$140.00 114.69%SFTBF$33.37 −1.30%SFTBY$16.05 −7.06%ASML$1,650.00 −3.94%STM$46.90 −5.39%

Global semiconductor and technology stocks fell sharply as investors grew concerned that rising borrowing costs could curtail spending on artificial intelligence infrastructure. Major Asian chipmakers led the retreat, with SK Hynix (NASDAQ:SKHY) plunging 11% and Samsung Electronics (OTC:SSNLF) dropping 8%. In Europe, ASML Holding (NASDAQ:ASML) dropped 6% and STMicroelectronics (NYSE:STM) fell 6.2%, while major U.S. chip suppliers and AI infrastructure providers also traded lower in premarket action.

The downturn follows broader market pressure linked to higher-than-expected U.S. inflation data, which sparked fears that the Federal Reserve could raise interest rates further. At the same time, investors are looking more critically at financial returns from massive AI investments. Slower revenue acceleration at major AI developers like Anthropic, which reported a third-quarter revenue run rate of $67.2 billion, alongside tightening credit conditions for cloud infrastructure providers, has added to market skepticism.

Market participants are monitoring capital expenditure forecasts across the semiconductor supply chain to gauge whether AI infrastructure demand is stabilizing or pulling back. Taiwan Semiconductor Manufacturing (NYSE:TSM) kept its 2026 capital spending plans unchanged while declining to issue projections for 2027, highlighting caution as companies assess borrowing costs and long-term customer commitments.

Key points

Global chipmakers declined as concerns over higher borrowing costs and AI investment sustainability weighed on market sentiment.
Asian and European tech shares fell sharply, including an 11% drop for SK Hynix and a 6% decline for ASML Holding.
U.S. inflation figures fueled worries that the Federal Reserve could raise interest rates further, pressuring growth stocks.
Anthropic reported $16.8 billion in third-quarter revenue, reflecting a modest increase in its annualized revenue run rate.

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Questions and answers

Why are chip stocks falling globally?

Chip stocks are falling due to rising borrowing costs and investor concerns that spending on artificial intelligence infrastructure could slow down.

How did Asian and European semiconductor stocks perform?

SK Hynix plunged 11%, Samsung Electronics fell 8%, SoftBank Group dropped 9.3%, ASML Holding fell 6%, and STMicroelectronics declined 6.2%.

What revenue figures did Anthropic announce?

Anthropic reported $16.8 billion in third-quarter revenue, equal to a $67.2 billion annualized run rate, showing modest growth from its $65 billion rate in July.