Global Tech Selloff Weighs On Markets—Here’s Why Nvidia, Tesla And More Are Down - Forbes

On June 23, 2026, global tech stocks experienced a sharp downturn, with companies like Nvidia, Tesla, Intel, and AMD seeing significant losses. The selloff was largely driven by investor anxiety ahead... Read original →

This tech selloff stems not from valuation froth alone but from a misalignment between AI infrastructure investment cycles and memory chip overcapacity. Technically, HBM4 delays and sluggish DDR5 adoption fracture the AI server supply chain, preventing Nvidia and AMD’s advanced packaging demand from translating into orders for memory makers—deepening inventory woes at Samsung and SK Hynix. On compliance, pending U.S. export controls on semiconductor tools will raise operational costs for foundries in Taiwan, China and Hong Kong, China, forcing global IDMs to build costly supply chain redundancies. Strategically, Intel may accelerate IFS partnerships with European auto clients, while Broadcom could lock in cloud providers via software-integrated chip deals. Over the next 12–24 months, expect brutal consolidation: secondary AI chip firms face funding droughts, memory capex drops over 30%, yet platform-scale leaders gain rare M&A opportunities.