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U.S. · TECHNOLOGY · NOV 6, 4:53 AM ET

Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble

Reported by 5 outlets in the past day, including CBS News, CNBC, NPR.

1What happened

Asian technology stocks tumbled Friday, tracking a sharp sell-off on Wall Street overnight that sent the tech-heavy Nasdaq Composite into correction territory. CNBC ↗

2Compared to what

America’s great building booms, compared

Canals1836–410.66%Railroads1870–902.24%Electrification1905–250.5%Highways1956–731.13%Telecom and fiber1996–20031.1%AI2025–323.63%*183618501900195020002032

At an estimated 3.6% of the economy a year, the AI build-out is larger than the railroad boom and more than three times the highway program. AI spending is an estimate. Source: Stijn Van Nieuwerburgh, as reported by The Wall Street Journal, Sept. 23, 2026

3Also reported

Shares sank, with the tech-heavy Nasdaq dropping over 5%, as investors reacted with fear that a Democratic Congress — and states across the country -— would crack down on AI and data centers. NPR ↗

Sources

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