Chip Stocks Lost $2 Trillion in 8 Days, Testing Investor Faith in the AI Boom

Chip stocks erased about $2 trillion in eight sessions, their longest losing streak since 2008. Yields above 5% and doubts that artificial intelligence (AI) spending will pay off weighed on the group. The Philadelphia Semiconductor Index, a benchmark of US-listed chipmakers, bounced on Monday. However, CNBC’s Investment Committee panel split on whether that marks a buying chance or a pause in a larger unwinding. Are Rates, Not Demand, Driving the Chip Stocks Selloff? The index fell more than 11% last week, capping eight straight losing sessions . Meanwhile, an inflation reading above forecasts has raised the odds of Federal Reserve rate hikes. Minutes from the Fed’s September meeting showed most officials saw another 2026 rate hike as likely appropriate.

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