AI Stock Selloff
June 23 – July 7, 2026 Updated Jul 7
Every published chapter of The Fold's coverage of AI Stock Selloff, in one place — oldest to newest, updated as the story develops.
Global chip selloff deepens as AI valuation fears hit Nasdaq, KOSPI plunges 10%
Semiconductor and AI stocks tumbled worldwide on June 23 as investors questioned stretched valuations and a more hawkish Fed. Micron fell 11%, Nvidia about 6% and South Korea’s KOSPI sank nearly 10%.
KOSPI plunges 10%, triggers circuit breaker as Samsung and SK Hynix crater
South Korea’s KOSPI crashed 9.99% on June 23, halting trading, as chip giants Samsung and SK Hynix each fell about 12% and foreign investors dumped $3.8 billion in shares. The index rebounded the next day.
Wall Street wobbles as AI-spending fears and OpenAI IPO delay rattle tech stocks
Tech shares slid again Friday as investors fixated on the soaring cost of AI data centers and a report that OpenAI may push its IPO to 2027. The Nasdaq has fallen more than 6% from its early-June peak.
Memory stocks slide as third quarter opens: Micron drops 10.6%, SanDisk and Applied Materials tumble
The AI memory trade cracked as Q3 opened: Micron fell 10.6% and SanDisk 10.6% on July 1 amid Fed hawkishness, a DRAM price-fixing suit and profit-taking after a 305% run.
Chip stocks tumble as DeepSeek in-house silicon and Samsung results spark AI-valuation jitters
Semiconductor shares sank on July 7 after reports China's DeepSeek is building its own AI chip and weak Samsung results reignited doubts about AI spending. A gauge of chipmakers fell over 4.5%; Micron dropped 4.7% and the SMH ETF slid nearly 4%.