According to Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan, U.S. semiconductor stocks extended their sell-off late Monday (October 12) as concerns about AI infrastructure funding intensified. Micron Technology (MU) fell 2.7%, SanDisk (SNDK) dropped 3.3%, Intel (INTC) declined 2.5%, and Advanced Micro Devices (AMD) lost 1.7% in overnight trading. Tan warned that access to capital could become a bigger constraint on AI expansion than chip shortages, citing enormous financing requirements and questions about return on investment. Intel CEO Lip-Bu Tan echoed these concerns, pointing to rising borrowing costs.

Memory-chip stocks faced additional pressure after China's ChangXin Memory Technologies (CXMT) reported progress on a next-generation DRAM architecture designed to increase storage density. CXMT plans to introduce a server-memory product based on the technology by the end of 2026, intensifying competition for Micron, Samsung Electronics, and SK Hynix.

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