According to ME News, on October 30 (UTC+8), Intel’s underwhelming earnings and weak outlook, combined with Amazon’s failure to meet earnings expectations, reignited market concerns over AI-related investment trades, leading to widespread declines in semiconductor stocks. The downturn spread across the entire semiconductor industry, impacting chip equipment manufacturers, foundries, and analog chip suppliers.
According to MSX.COM data, during regular trading hours on Friday, Broadcom's stock opened down about 4%, AMD plunged nearly 10%, and Micron Technology fell 5.5%. Intel's stock dropped nearly 30% on Friday, wiping out approximately $120 billion in market value. Stock prices of semiconductor equipment manufacturers also declined, with Applied Materials down nearly 5% and Lam Research down 5.5%. This sector is particularly sensitive to chipmakers' capital expenditure intentions, especially when chipmakers reduce spending on memory and logic chips, as equipment suppliers are often the first to feel the impact. Meanwhile, Qualcomm's stock also declined alongside weakness in the wireless communications and smartphone industries. Markets are concerned about weak enterprise hardware demand and stagnating smartphone demand. (Source: ODAILY)
Intel's Weak Earnings Trigger Broad Semiconductor Sector Sell-Off
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Summary
The Fear and Greed Index dropped sharply as Intel’s weak earnings and pessimistic market outlook triggered a broad sell-off in the semiconductor sector. On October 30 (UTC+8), shares of chipmakers and suppliers plunged, with Broadcom, AMD, and Micron Technology falling 4%, nearly 10%, and 5.5%, respectively. Intel’s stock slid nearly 30%, wiping out $120 billion in market value. Equipment firms such as Applied Materials and Lam Research each lost nearly 5%. Market sentiment remains uncertain amid concerns over demand for AI investments, storage spending, and saturation in the smartphone industry.
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