Semiconductor stocks experienced their longest losing streak since 2008, falling for eight consecutive days due to concerns over AI spending cycles, rising oil prices, and higher interest rates. The Philadelphia semiconductor index dropped 3.8% on October 16, 2026, with major chipmakers like AMD, Intel, and Micron seeing significant declines. The selloff reflects investor skepticism about the sustainability of capital spending by cloud operators and the broader tech sector's valuation amid inflation and potential Federal Reserve rate hikes. Despite the recent slump, the semiconductor ETF SOXX remains up over 64% for the year, suggesting the downturn may be a market correction rather than a fundamental business failure. Future earnings reports from hyperscalers will be key to determining if spending plans hold or if further declines are likely.
As of Oct 17, 2026 23:11 WIB, semiconductor stocks continue to show weakness on Pluang, with SOXX down 4.16% at USD 493.39. Major chipmakers AMD, Intel, and Micron also reflect the selloff, falling 5.95%, 5.79%, and 5.63% respectively. Despite this, Pluang investors still hold these stocks for relatively long periods, with Intel held for an average of 116 days and AMD for 92 days, indicating some confidence in their longer-term prospects.
The SOXX semiconductor ETF experienced a 15% correction, reflecting a market reset after rapid AI-driven gains. Investors are reassessing risks, favoring quality AI ecosystem leaders like Microsoft, Nvidia, and Meta, which benefit from strong demand ...
Taiwan Semiconductor posted its sixth consecutive quarter of record profits, driven by strong AI-related demand, but its stock fell 3% along with Intel and AMD shares. The company reported higher revenue and net income, beating estimates and raising ...
