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StocksMediumUpdated•Originally published 13 October 2026•Updated 13 October 2026•
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Samsung and SK Hynix Shares Slide Following Broadcom Caution on AI Spending

Key Facts

1Shares of Samsung and SK Hynix fell sharply in Seoul following comments from the head of Broadcom.
2Broadcom's CEO referred to aspects of AI investment as a 'casino', triggering investor anxiety.

Shares of Samsung and SK Hynix fell sharply in Seoul following comments from the head of Broadcom. The Financial Times reported that Broadcom's CEO referred to certain aspects of AI investment as a "casino," a comparison that triggered investor anxiety regarding the sustainability of global AI infrastructure spending.

SKHY closed at $162.23 on October 12, 2026, while AVGO closed at $354.73 on the same date. This price action reflects growing market jitters over high valuations for South Korean chipmakers, as the analogy used by Broadcom's leadership intensified selling pressure across Asian semiconductor stocks.

Latest Updates · 1

  1. Notable·

    Update: The decline in semiconductor stocks has spread to US markets following reports concerning China's memory sector. This extension of the sell-off comes as persistent jitters remain over the scale and sustainability of global AI infrastructure spending.