Chip stocks slide as fears mount over AI investment scale
Photo: Crypto Briefing
A softer-than-expected OpenAI revenue figure sent semiconductor shares lower as investors questioned how long the AI spending boom can last Semiconductor stocks took a sharp hit in early October 2026. The trigger was a single number about OpenAI ’s revenue that came in well below what the market had penciled in. On October 8, the Financial Times reported that OpenAI’s annualized revenue run rate was approaching $50 billion. Earlier market assumptions had pegged that figure at around $70 billion. The reaction was swift. The Philadelphia Semiconductor Index, a widely watched basket of chip stocks, fell approximately 3.4% on October 8.
Source: Crypto Briefing
