Nvidia, Micron, Intel lead tech sell-off as AI trade cools - Yahoo! Finance Canada

On June 23, 2026, tech stocks experienced a notable pullback amid concerns over persistent inflation and a hawkish signal from the Federal Reserve. NVIDIA, Micron Technology, and AMD led the sector's ... Read original →

The tech selloff triggered by the Fed’s hawkish stance is an inevitable correction of AI valuations detached from technical reality. Upstream 3nm and EUV capacity is hitting physical limits, while downstream foundation model firms lack sustainable revenue, collapsing chip order visibility. Memory makers like Micron and SK Hynix suffer first, as their DRAM upgrades hinge on AI server demand. U.S. export controls force Intel and NVIDIA to reconfigure foundry strategies in Taiwan, China, inflating R&D and logistics costs. AMD is exploiting the volatility with cost-effective datacenter GPUs, while Broadcom locks in hyperscalers via custom ASICs. Over the next 12–24 months, a brutal shakeout looms: AI chip startups without real compute demand will vanish, and capital will pivot to firms mastering advanced packaging, chiplet integration, and power efficiency.