Chip selloff deepens Wall Street losses as doubts grew over AI returns
A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market participants are questioning if AI infrastructure investments will yield profitable returns despite strong demand for chips.
Federal Reserve Chairman Kevin Warsh maintained a neutral stance on interest rates during discussions at the IMF meetings.
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Story file
- Section
- Business
- Topics
- Stock market, AI & gadgets
- First reported by
- The Economic Times
- Reporter
- etmarkets.com
- Published
- Friday, 16 October 2026, 11:29 pm IST
- Coverage
- One outlet so far
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