Month: October 2026

In July, semiconductor stocks fell sharply as investors reassessed the economics of AI infrastructure spending and the demanding expectations embedded in valuations.

There are legitimate reasons for customers to secure capacity ahead of demand, particularly where power availability, manufacturing capacity and delivery lead times constrain expansion. The risk is that revenues arrive later than expected, fall short of expectations, or both:

Persistent geopolitical tensions in the Middle East, higher bond yields and renewed monetary tightening in the United States created a more challenging investment environment over the September quarter.