News › Markets  ·  16 Oct 2026, 11:29 PM IST  ·  3 days ago

Chip selloff deepens Wall Street losses as doubts grew over AI returns

Bias: Neutral 0

In one line — A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market partic

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Source: Economic Times · AI-summarised by Anadi · Updated 17 Oct 2026, 12:37 AM IST

What Happened

A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market participants are questioning if AI infrastructure investments will yield profitable returns despite strong demand for chips. Federal Reserve Chairman Kevin Warsh maintained a neutral stance on interest rates during discussions at the IMF meetings.