Chip stocks shed more than $1T as selloff hits AI companies
The world's most valuable chip stocks have seen more than $1 trillion wiped from their market caps this week as investor jitters swept through the sector.The selloff was led by Nvidia, which saw a $238 billion rout since market close on Friday. SK Hynix, Samsung Electronics and Micron — all key players in the memory space — lost $176 billion, $173 billion and $113 billion, respectively. The chip sector has been one of the main beneficiaries of the AI boom, with investors piling into stocks as they looked to capitalize on the huge sums being funnelled into the sector.
- ▪The world's most valuable chip stocks have seen more than $1 trillion wiped from their market caps this week as investor jitters swept through the sector.The selloff was led by Nvidia, which saw a $238 billion rout since market close on Fri
- ▪SK Hynix, Samsung Electronics and Micron — all key players in the memory space — lost $176 billion, $173 billion and $113 billion, respectively.
- ▪The chip sector has been one of the main beneficiaries of the AI boom, with investors piling into stocks as they looked to capitalize on the huge sums being funnelled into the sector.
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| Original publisher | CNBC |
| Canonical URL | https://www.cnbc.com/2026/07/29/chip-selloff-sk-hynix-samsung-softbank.html |
| Publication time | Wed, 29 Jul 2026 22:41:44 +0000 |
| Retrieval time | 2026-07-29T22:53:02.245Z |
| Last seen | 2026-07-29T22:53:02.245Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | PMxYGyZDZD0- · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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The world's most valuable chip stocks have seen more than $1 trillion wiped from their market caps this week as investor jitters swept through the sector.The selloff was led by Nvidia, which saw a $238 billion rout since market close on Friday. SK Hynix, Samsung Electronics and Micron — all key players in the memory space — lost $176 billion, $173 billion and $113 billion, respectively. The chip sector has been one of the main beneficiaries of the AI boom, with investors piling into stocks as they looked to capitalize on the huge sums being funnelled into the sector. The Philadelphia semiconductor index (SOX) — which tracks the 30 largest U.S.-traded companies involved in the chip sector — has risen 92% over the past 12 months, despite a nearly 20% drop over the past month.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC.
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