Technology news brief
Chip stocks slide after Broadcom boss likens AI investing to ‘casino’
NEWS DESKTechnology
PUBLISHEDOct 13, 2026, 3:51 PM
What the source reports
Asian markets fall and Samsung shares tumble after its Chinese rival CXMT claims strong progress Shares in semiconductor companies fell on Tuesday after the boss of Broadcom compared many AI investors to “casino” gamblers, and the Chinese memory chip maker CXMT said it had made good progress on a new chip architecture.
South Korea’s benchmark Kospi index tumbled 6. 25% as investors dumped chip stocks, while other…
Main source: The Guardian Technology
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