AI Chip Stocks Slide Amid Rising Costs | Business and Finance News

Semiconductor stocks took a hit Friday as Micron, Western Digital, Nvidia, and AMD all slid, wiping trillions off market value since mid-June. Investors are questioning the ROI of massive AI infrastructure spending as costs climb — even TSMC is raising capital expenditures. Meanwhile, China’s Moonshot unveiled Kimi K3, the largest downloadable AI model, accelerating its open AI push after the U.S. restricted some models. Rumors suggest Google’s Gemini 3.5 Pro is behind schedule. Despite the turbulence, AI remains bullish — Wall Street’s focus is on earnings to validate continued spending, with hyperscalers as the critical backbone of the AI ecosystem. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c69d7b6afa9205ec