Chip stocks slide as data center curbs fuel AI spending concerns
SOXX•U.S. semiconductor stocks had their worst session since 2020 on Thursday as concerns about data center restrictions weighed on AI spending expectations. Micron and AMD led declines, while Infineon and ASML also fell.
1. Chip stocks fall
U.S. semiconductor stocks suffered their worst session since 2020 on Thursday as investors worried data center restrictions could slow AI spending. Texas’s incoming Democratic governor pledged to suspend permits for new data centers, and more than 20 municipalities voted for restrictions; Micron and AMD led declines, with profit-taking amplifying losses.
