Qualcomm closed down 11.46% on May 12, as chip stocks pull back from record AI-driven rally; Intel closed down 6.82%, Sandisk dropped 6%, and Micron fell 3.61%
Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs.
Qualcomm closed down 11.46% on Tuesday as chip stocks pull back from record AI-driven rally; Intel closed down 6.82%, Sandisk dropped 6%, and Micron 3.61%
Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs.
Nvidia embraces the AI investor role in 2026, already making $40B+ in equity commitments so far, including $30B in OpenAI, $3.2B in Corning, and $2.1B in IREN
Nvidia stepped on the gas last year, putting cash into companies up and down the AI infrastructure stack and helping …
Sources: AI model builder Core Automation, founded in March by Jerry Tworek, aims to raise $300M-$500M at a $4B valuation after raising $100M at a $1B valuation
Nvidia's investment spree in startups that use its AI chips has stoked traditional venture capital firms' interest in those companies.
Jensen Huang said Nvidia's market share of AI accelerators in China has “now dropped to zero” and that the US' export policy “has already largely backfired”
US export restrictions bite. … Nvidia CEO Jensen Huang said that the company's market share of AI accelerators in China has now dropped to 0%.
Analysis: Asian suppliers account for ~90% of Nvidia's production costs, up from 65% in 2025, as latest wave of collaborations shifts from chips to physical AI
The list of Asian stocks that benefit from business partnership with Nvidia Corp. is getting longer, as the region further integrates …
Sources: Anthropic is in early talks to buy AI inference chips from UK-based Fractile when they become available in 2027
As Anthropic's sales explode, straining the servers it uses, the company is considering adding another source of AI server chips in addition to existing suppliers Google, Amazon and Nvidia.
Sources: Huawei expects AI chip revenue to hit ~$12B in 2026, up 60%+ from $7.5B in 2025, as orders for its Ascend 950PR chip surge and Nvidia stalls in China
Chinese tech companies place large orders for the Shenzhen-based group's latest range of AI processors