Micron, SoftBank and ASML slide as Wall Street chip rout spreads | HappeningNow.news

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Micron, SoftBank and ASML slide as Wall Street chip rout spreads

Memory-linked stocks fell on Tuesday, extending a sell-off sparked by worries over artificial intelligence financing and intensifying competition.

Source AI Summary Published October 13, 2026 Brief Under 1 min brief
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Technology stocks fell on Tuesday after a sell‑off in U.S. semiconductor shares raised concerns about AI financing and competition. European chip stocks dropped early, with ASML down 3.3%, STMicroelectronics and Infineon each falling 5%. Dutch firms BE Semiconductor and ASM International were about 4% lower at the open. The decline reflected broader worries about the semiconductor market’s future.

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