AI Chip Selloff Hits Memory Stocks; Taiwan Plans $4B Texas Hub

This update is a roundup of same-day reporting from the linked sources below, with editorial context from the CPJ Stock Desk.

Memory and chip stocks extended a rough stretch on Thursday, while Friday brought a partial rebound in Asia and a new US manufacturing plan tied to Nvidia’s supply chain. UK regulators also moved on Microsoft and Apple.

Key points

Micron, SanDisk and SK Hynix fell as the AI chip selloff deepened, with Micron down another 4.07% premarket.
AMD was among chip names under pressure as a broader tech selloff continued.
Taiwan plans to raise billions for US industrial parks, including a $4 billion Texas complex, to support Nvidia’s supply chain.
The UK CMA proposed strategic market status for Microsoft and consultation changes for Apple Pay.
Barclays analyst Dan Levy argues a Tesla and SpaceX merger announcement could come.

Is the AI chip selloff still running?

The latest reports describe pressure continuing rather than easing. Micron, a memory maker that has been one of the hottest AI trades, was down another 4.07% in premarket trading as investors kept leaving the group, according to GuruFocus. SanDisk and SK Hynix also fell. A separate GuruFocus note put AMD among the chip names in focus as a broader technology selloff deepened.

By Friday, some sentiment had improved in Asia. Australia’s benchmark rose 1%, with tech up 5.4% and materials up 3.3%, helped by better sentiment after Nvidia’s CEO played down CoreWeave worries, per Finimize. The sources do not detail what the CoreWeave concerns were, so treat that link with caution.

The macro read-through also showed up in currencies. Reuters reported the dollar was heading for its first weekly fall in five, with wobbles in AI investment and lower US yields lifting the euro from a 17-month low. That suggests AI sentiment is now moving beyond equities into broader markets.

What does Taiwan’s Texas plan mean for Nvidia’s supply chain?

Taiwan plans to raise billions of dollars to develop industrial parks in the US that would form a base for a comprehensive supply chain for Nvidia, according to Insurance Journal. The headline figure is a $4 billion Texas complex aimed at AI and Nvidia partners.

The source summary is brief, so timing, tenants and funding structure are not clear from what we have. For investors, the direction matters more than the details for now: AI hardware supply chains are being pulled toward US soil, which could shift where suppliers spend capital. Whether it changes margins or demand for any listed company is not established.

How are UK regulators targeting big tech?

On October 16 the UK Competition and Markets Authority proposed granting Microsoft strategic market status in the business software ecosystem. The same day it announced consultation proposals on Apple’s tap-to-pay arrangements, aimed at reducing Apple’s dominance. These are proposals, not final decisions, and the excerpts we have do not spell out the remedies or any financial impact.

What is happening around SpaceX and Tesla?

Barclays’ Dan Levy says speculation about a Tesla and SpaceX combination is gaining traction and that an announcement could come. This is analyst speculation, not a confirmed deal.

SpaceX is also sending its head of global government affairs for AI, Gabriela Castillo Madrid, to testify before the New York City Council in an AI safety investigation. Separately, Reliance Industries said it is open to competition including Starlink while stressing compliance with Indian law, responding to claims by Elon Musk.

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