By Ines Ferré
Publication Date: 2026-10-15 13:42:00
The sell-off in chip stocks deepened Thursday as hot inflation data collided with growing worries over debt-heavy balance sheets amid an AI infrastructure buildout.
Shares of Nvidia (NVDA) and peer Advanced Micro Devices (AMD) fell 2% and 4%, respectively, extending a global chip stock sell-off, as seen on AlphaSpace’s heatmap below.
Chip flash memory maker Sandisk (SNDK), which has been the S&P 500’s (GSPC) top performer in 2026, tumbled 6%, adding to 5% losses from the prior session.
Memory highflier Micron (MU) sank 4%, along with SK Hynix (SKHY), which also fell, deepening losses from the prior session over worries about Chinese competition.
Positive earnings and record profit from chip contractor TSMC (TSM) did little to lift sentiment. Shares of the world’s largest contract chip manufacturer declined 4%.
Worries over the cost of capital for companies with heavy debt on their balance sheets have collided with hotter-than-expected inflation data, sparking fresh concerns over how rising prices may affect the Federal Reserve’s next move.
September’s wholesale inflation rose at its highest pace since 2022, further deepening worries of higher lending costs ahead.
Meanwhile, a spike in bond yields for Nvidia-backed CoreWeave (CRWV) has raised concerns about the neocloud’s debt-heavy balance sheets and rising interest rates amid sticky…
