By Maya Bennett
Publication Date: 2026-10-13 14:22:00
Key takeaways
- Broadcom CEO compares speculative AI investing to gambling
- Samsung falls 7.4% as SK Hynix loses 10%
- Chinese memory advances deepen pressure on semiconductor valuations
Broadcom CEO Hock Tan has warned that speculative investing in artificial intelligence increasingly resembles casino gambling, adding to concerns surrounding the global AI boom as semiconductor stocks suffer another sharp selloff.
Samsung Electronics shares fell approximately 7.4% on Tuesday, October 13, while rival SK Hynix plunged 10%. The losses followed a 2.7% decline in the Philadelphia Semiconductor Index on Monday, extending a broader retreat in AI-related technology stocks.
However, the selloff reflects more than Tan’s comments, with growing competition from Chinese memory manufacturers raising fresh questions about the industry’s profitability.
Speaking during a technology panel in Singapore on October 12, Tan criticized investors who commit capital to artificial intelligence without fully…
