Chip stocks slide after Broadcom boss likens AI investing to ‘casino’

Source: www.theguardian.com · Section: business-tech · Bias: Center · Published: Tue, 13 Oct 2026 15:51:54 GMT

Asian markets fall and Samsung shares tumble after its Chinese rival CXMT claims strong progressShares in semiconductor companies fell on Tuesday after the boss of Broadcom compared many AI investors to “casino” gamblers, and the Chinese memory chip maker CXMT said it had made good progress on a new chip architecture.South Korea’s benchmark Kospi index tumbled 6.25% as investors dumped chip stocks, while other Asian markets were also lower. Japan’s Nikkei fell 1.8% and the Taiwan exchange lost almost 2%, with the country’s chip maker TSMC down by a similar amount. Continue reading...

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The same story across the political spectrum (15 sources)

Left: Chip stocks slide after Broadcom boss warns of ‘casino’ mentality in AI investing — www.ft.com
Left: Barriers facing black and south Asian music events ‘cost London up to £141m a year’ — www.theguardian.com
Left: Bank of America hit with $1.2 billion penalty over money laundering allegations — www.axios.com
Left: A golden age of corporate profits — www.axios.com
Center: Why this little known Chinese chipmaker has caused a global stock rout — www.cnbc.com
Center: Was Broadcom CEO bullish or bearish on AI? ‘Gamblers’ comment creates storm. — www.marketwatch.com
Center: Apple unveils new smart home devices that showcase upgraded Siri AI — www.theguardian.com
Center: Pope Leo diagnosed with lung cancer as growth removed during surgery — www.theguardian.com
Right: Trump says Taiwan agreed to buy 30 percent of gas from Alaska pipeline — thehill.com
Right: Enter the Zachbot: Trump’s new press secretary malfunctions on podium debut — www.theguardian.com

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