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The IMF warns that weaker AI investment, inflation and cyber threats could tighten financial conditions, while South Korea's record chip profits fail to prevent market panic and trading halts.
South Korean newspapers on Oct. 16 led with a KOSPI decline of more than 7 percent driven by chip stocks, citing doubts over artificial intelligence and fears about interest rates.
Treasuries led a global bond rally as AI shares deepened their selloff and CoreWeave's credit risk hit a record high. US producer prices rose at the fastest pace in more than four years, adding to monetary-policy questions.
TSMC reported third-quarter revenue of $46.36 billion and a 68.7% rise in net income, topping estimates, while its shares fell 2% as an AI-related selloff hit chipmakers including Samsung and SK hynix.
October Monthly Meeting names Goldman Sachs and Starbucks as top buys, marks Broadcom for sale, reviews AI-trade holdings.
CoreWeave credit default swaps surged to distress levels on Oct. 15, 2026, as investors soured on AI debt and AI shares fell. Nvidia CEO Jensen Huang and CoreWeave's CEO downplayed concerns, while inflation fears and Fed rate uncertainty added pressure.
TSMC reported a sixth straight record quarter and forecast 58% fourth-quarter revenue growth, as AI chip customers compete for limited wafer capacity and the foundry races to add fabs in Taiwan, Japan and Arizona.
The CNBC Investing Club said Wall Street has grown more divided as AI-related selling hit tech, with Micron the week's biggest loser and Cardinal Health a defensive winner. Over the five weeks through Wednesday, CrowdStrike and Meta led its 32-stock portfolio, while BNY, Goldman Sachs and FedEx Freight lagged.
AI-linked shares came under renewed pressure Thursday as South Korea's Kospi fell more than 7%, SK Hynix and CoreWeave weakened, and hot U.S. producer inflation added to market nerves despite record TSMC profit and a Bank of New York earnings beat.
Memory stocks fall on China competition and 2029 oversupply fears, hitting SK Hynix, Samsung and Micron.
An accelerating sell-off in AI-linked shares hit global markets after US inflation rose to a higher-than-expected 3.7%, raising expectations of further Federal Reserve rate increases. South Korea’s Kospi 200 fell 8.1% and triggered circuit breakers, while Japan, China, Europe and US futures also declined.
TSMC beat third-quarter net income estimates and maintained its 2026 capital expenditure plan of $60 billion to $64 billion. Anthropic said it is now profitable, South Korea's Kospi trading was halted after an 8% drop, and hot US inflation pushed investors to price in more Fed rate hikes.
South Korea's KOSPI closed down 7.57 percent at 5,554.22 on Oct. 15, its seventh straight decline, as Samsung Electronics and SK hynix led a chip sell-off driven by doubts over AI spending and U.S. rate concerns.
TSMC reported a record third-quarter net profit of NT$763.1 billion, beating LSEG estimates, as AI chip demand drove revenue to NT$1.49 trillion. Net profit rose 68.7% year over year, a sixth straight quarterly record.
Anthropic told potential investors its third-quarter revenue reached $16.8 billion, up about 45% sequentially, and that it was profitable on an adjusted basis as it prepares for a November IPO.
Seoul's KOSPI fell 6.73% to 5,604.6 Thursday morning, triggering a five-minute trading halt, as AI spending doubts and a hotter-than-expected U.S. September CPI drove chipmakers Samsung Electronics and SK hynix sharply lower.
Seoul shares opened sharply lower Thursday, prompting a sell-side sidecar and later a 20-minute circuit breaker as investors dumped semiconductor shares over AI sustainability doubts and hotter U.S. inflation.
Oracle, AI cloud stocks fall as viral chart sparks CoreWeave debt concerns.
U.S. consumer prices rose at the fastest pace in five months in September, lifting fears of more aggressive Fed rate hikes. Stocks fell as chipmakers led declines, Bank of America trading missed estimates, and Anthropic held a pre-IPO investor day.
Modal Labs raised $750M at a $15.75B valuation, more than triple its May mark, as annualized revenue topped $1B.
Dell fell 11%, leading data center stocks lower after Barclays cut Dell, HPE and NetApp on enterprise AI concerns.
OpenAI’s London staff received an average of £2.3m each in salary and equity in 2025, as the company expands its UK research hub and aims for a $1tn stock market listing. The pay was 58 times the UK median and reflects an intensifying AI talent war.
AI infrastructure and chip stocks fell Wednesday as hotter September inflation data raised the odds of an October rate hike.
Hong Kong's SFC suspended ChaPanda trading over alleged IPO manipulation. ByteDance's Seed unit created a safety and alignment department, Huawei disclosed progress on its next Kirin chip, and DeepSeek's reported financing doubled to about 100 billion yuan.