BusinessJul 13, 2026, 12:25 PM

Nvidia, Broadcom, AMD Lead AI Chip Stock Selloff After SK Hynix Slump - GuruFocus

30-second summary

Major AI chip stocks fell sharply after SK Hynix reported weak earnings, dragging down Nvidia, AMD, and Broadcom.

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Key takeaways
  • SK Hynix reported weaker-than-expected earnings, citing reduced demand for HBM chips used in AI accelerators.
  • Nvidia, AMD, and Broadcom shares fell sharply in response, signaling potential slowdown in AI chip demand.
  • The selloff highlights concerns about the sustainability of AI infrastructure growth amid rising costs and market saturation.
  • HBM chips are critical for AI workloads, and any decline in their demand could impact AI model training and deployment.
Full story

Shares of leading AI chip manufacturers Nvidia, AMD, and Broadcom tumbled after SK Hynix reported a significant earnings shortfall. The South Korean memory chip giant warned of weaker-than-expected demand for high-bandwidth memory (HBM) products, which are critical for AI accelerators. The selloff reflects investor concerns that AI infrastructure growth may be slowing, despite recent surges in AI adoption across industries.

The drop in SK Hynix's stock, which fell over 10% in early trading, triggered a ripple effect across the AI chip supply chain. Nvidia, which relies heavily on HBM for its AI GPUs, saw its shares decline by nearly 5%, while AMD and Broadcom also experienced notable losses. Analysts suggest the earnings warning could indicate a broader correction in the AI hardware market, particularly for memory-intensive applications like large language models and data center deployments.

Why this matters
Businesses

Companies investing in AI infrastructure may face higher costs or delayed deployments due to reduced HBM supply.

Investors

Investors in AI chip stocks should reassess growth projections amid potential market corrections.

Everyone

The selloff reflects broader concerns about the pace of AI adoption and its economic impact.

Glossary
HBM
High Bandwidth Memory, a type of DRAM designed for high-performance computing and AI workloads.
Sources · 1
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