A global chip stock sell-off deepens
A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix 9.2%, and Micron 4%
TL;DRChip stocks tumbled after Broadcom CEO warned AI spending looks like gambling.
Why it matters: Market doubt about AI ROI could reduce demand for the semiconductor infrastructure everyone assumed was guaranteed growth.
IDC: Nvidia's AI chip shipments in China fell 44% YoY
TL;DRNvidia's China AI chip sales dropped 44% as US restrictions and local competitors erode dominance.
NTT Data is in advanced talks
TL;DRJapanese firm NTT Data may build a massive $6.3B data center for AI company Anthropic in Osaka.
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China-based Transsion, which dominates the market for smartphones
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