US semiconductor stocks dropped sharply after the introduction of a new Chinese chip model called Kimi K3, which rattled investors despite strong earnings and raised guidance from major players like TSMC and ASML. The SOXX ETF fell 1.5%, reflecting broader market concerns. The author remains cautious, holding 80% cash and monitoring upcoming earnings and Federal Reserve signals before making new investments. The selloff is seen as exaggerated but the market bottom has not yet been confirmed.
Micron's stock fell about 27-29% from its June 2026 peak, driven by news of Chinese DRAM maker CXMT's $8.55 billion IPO and AI cloud provider CoreWeave hedging against falling memory costs. Despite this, Micron's DRAM prices are at a ten-year high wi...
The Nasdaq 100 has underperformed other major US indices this week, dropping 2.7% due to a rotation away from high-valued AI and semiconductor stocks. Concerns over heavy capital spending, delayed AI profits, and volatility in chip stocks have shifte...
