Micron, SK Hynix Have an AI Boom Problem — China Could Make It Worse

The Stock Market Has Seen This Happen Only 2 Other Times in Over 150 Years, and History Has an Ominous Warning for Investors

The S&P 500's CAPE ratio has reached its second-highest level ever at above 40, a warning sign previously seen only before the Great Depression (1929) and dot-com bubble (2000). While renowned investors like Michael Burry and Ray Dalio warn of an AI bubble, the article advises against market timing, recommending consistent dollar-cost averaging into index ETFs instead, as historical data shows missing the market's best days significantly reduces returns.

ASML: 3 Key Takeaways for Long-Term Investors

ASML reported record Q3 2026 net sales of €11.7 billion driven by AI infrastructure investments from chipmakers. The company is accelerating production capacity expansion for EUV and DUV systems beyond initial targets, with demand expected to outpace supply through at least 2028. Management has also secured price increases on critical products that will boost gross margins starting in 2027.

Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink: Stock Market Today

The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.

Shares of memory- and storage-related chip companies are trading lower amid continued weakness as investors weigh intensifying Chinese competition and concerns over possible market oversupply. Rising inflation concerns and elevated energy prices are fueling expectations for further Fed rate hikes, which could increase borrowing costs and weigh on demand across the sector.

QUICK SPARK: South Korea’s KOSPI Logs Worst Week Since 2008’s Lehman Brothers Collapse

South Korea’s KOSPI fell 14.46% this week, its worst week since October 2008, as SK Hynix and Samsung sank on AI spending fears.

EXCLUSIVE: Is AI Growth Slowing Down? Memory Industry Expert Says It's 'Too Early' To Tell

Counterpoint’s MS Hwang tells Benzinga the memory chip sell-off reflects financing fears, not supply, as SK Hynix drops 24% in a week.