Business · Markets · 1 hr ago
Chinese chip competition weighs on AI-linked stocks in Asia and the US
Growing competition from Chinese chip companies is pressuring AI-linked stocks as a new Wall Street earnings season begins.
The market falls have hit Asia particularly hard.
South Korea’s Kospi fell as much as 6%, while Japan’s Nikkei dropped as much as 2%.
The pressure also reached the United States, where the Nasdaq closed down 0.44%.
Chipmakers Micron and Marvell both came under pressure, with Micron falling nearly 4% in the previous session and more than 3% in early trading.
The declines mark a pause in the share-price rally linked to artificial intelligence.
Investors are watching how chip competition and company results affect the market next.
Advances by Chinese chip companies are adding pressure to stocks and indexes linked to artificial intelligence.
South Korea’s Kospi fell by as much as 6%.
Japan’s Nikkei lost as much as 2%.
On the previous day, the Nasdaq closed down 0.44%, weighed by chip stocks.
Micron Technology fell nearly 4% and was down more than 3% again in the following session.
- Who
- Chinese chip companies are emerging as a source of competition; chip companies including Micron Technology and Marvell Technology were among the stocks affected.
- What
- Competition from Chinese chip companies weighed on AI-linked stocks and markets.
- When
- The report was published on October 13, 2026. Wall Street fell the previous day, followed by declines in Asian markets.
- Where
- Asian markets, including South Korea and Japan, and Wall Street in the United States.
- Why
- Growing competition from Chinese chip companies added pressure to stocks linked to AI.
This story does not have two clearly opposing sides.
The Nasdaq closed down 0.44%, weighed by chip stocks.
The Kospi fell by as much as 6% and Japan’s Nikkei lost as much as 2%.
Micron Technology was down more than 3% and Marvell Technology recorded a similar decline.
- Kospi
- Fell by as much as 6%
- Nikkei
- Fell by as much as 2%
- Nasdaq
- Closed down 0.44%
- Micron Technology
- Fell nearly 4% the previous day and more than 3% in the following session
- Marvell Technology
- Recorded a decline similar to Micron’s in the following session
- Chinese chip companies
- Growing competition was cited as a source of pressure on AI-linked stocks
Sources
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