Archive · 10 Sep 2026
Chip stocks fall as inflation and Middle East tensions weigh
Several big chip companies saw their share prices fall on September 10.
Investors may have been selling shares to lock in profits after recent gains.
Tensions between the United States and Iran increased worries about energy supplies.
Oil prices rose above $105 per barrel, which can make inflation worse.
A US report showed that producer prices increased more than expected in August.
Higher inflation can affect what the Federal Reserve decides to do with interest rates.
Investors are also waiting for the next US consumer inflation report.
The stock declines may reflect broader economic worries, but the article does not establish that the AI rally is over.
SK Hynix, Micron, Intel, AMD, Nvidia and SanDisk fell in Thursday trading.
SK Hynix dropped 6% after reaching a record post-ADR-debut high the previous session.
Intel declined 6.5%, while Nvidia fell for a third consecutive day.
Investors appeared to take profits as escalating US-Iran tensions raised concerns about energy supplies.
Hotter-than-expected US producer inflation increased focus on the Federal Reserve’s September meeting and the AI rally’s durability.
- Who
- Investors and major chip companies including SK Hynix, Micron Technology, Intel, Advanced Micro Devices, Nvidia and SanDisk.
- What
- Several chip stocks fell by as much as 6.5%, amid profit-taking and broader economic concerns.
- When
- Thursday, September 10, ahead of the Federal Reserve’s September 15–16 meeting.
- Where
- US stock markets, amid escalating tensions in West Asia.
- Why
- Investors were responding to possible profit-taking, US-Iran tensions, higher oil prices and hotter-than-expected US producer inflation.
- Largest reported decline
- Intel fell 6.5% to $99.34.
- SK Hynix move
- Shares dropped 6% to $187 after reaching $191 the previous session.
- Other major declines
- Micron Technology fell 4.20%, AMD declined 3%, and Nvidia slipped 2.6%.
- US producer inflation
- The Producer Price Index rose 0.4% month over month and 5.4% year over year in August.
- Core producer inflation
- Excluding food and energy, the index increased 0.2% month over month and 4.6% year over year.
- Oil price
- Brent crude rose above $105 per barrel.
- European Central Bank
- The ECB raised its key deposit rate by 25 basis points, from 2.25% to 2.5%.