BUZZ - U.S. chip stocks fall amid concerns over CoreWeave's debt, AI sector under pressure

October 16 - ** U.S. semiconductor stocks fall as concerns about artificial intelligence financing costs persist

** The Philadelphia Semiconductor Index .SOX dropped by 1.5%, on track for its steepest eight-day decline since the “Liberation Day” sell-off in April 2025

** Market caution in the AI sector remains as concerns grow over CoreWeave’s CRWV.O debt burden; meanwhile, reports of progress by Chinese memory chipmaker CXMT also added pressure to global chip stocks

** AMD AMD.O fell 3.2%, Intel INTC.O dropped 3%, Broadcom AVGO.O declined 1.8%

** Arm Holdings O9Ty.F, ARM.O and Marvell’s U.S.-listed shares MRVL.O fell by 3.4% and 2.2% respectively; Lam Research LRCX.O fell 2.9%

** SK Hynix 000660.KS, SKHY.O and TSMC 2330.TW, TSM.N U.S.-listed shares dropped 4.7% and 1.6% respectively

** Micron MU.O fell 3%, Western Digital WDC.O dropped 4%, SanDisk SNDK.O fell 3.7%

** The iShares Semiconductor ETF SOXX.O and Roundhill Memory ETF DRAM.Z declined by about 1.8% and 3.3% respectively

** Including today’s movements, the Philadelphia Semiconductor Index has risen 60.8% so far this year

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