🚨 The AI Selloff Is Approaching $2 Trillion U.S. semiconductor stocks are facing a major stress test. 📉 $1.64T in market value wiped out over six trading sessions through October 15. The selloff is being driven by three concerns: Rising interest-rate expectations The growing cost of financing AI infrastructure Mounting questions about whether massive AI investments can generate sufficient returns Yet Nvidia CEO Jensen Huang says new AI chip orders are arriving “almost weekly and daily,” with customer order books continuing to grow. That creates a striking disconnect. AI demand remains strong. But demand alone may not be enough to sustain the AI trade. The market is increasingly focused on who can finance the buildout and whether the returns will justify the cost. Is this a valuation reset, or a deeper stress test for the AI boom?