AI TRADE REVERSAL PIERCES ASIA STAR PICKS - AND - SHOVELS STOCKS

What happened: A deepening selloff in US technology stocks hit Asia's AI hardware supply chain, with a Goldman Sachs basket of regional AI hardware stocks falling 11 per cent last week. Key numbers: US semiconductor shares fell roughly 16 per cent over eight sessions, the Why it matters: Rising financing costs for AI infrastructure could delay spending and reset earnings expectations for Asian suppliers. The selloff continued despite an upbeat revenue outlook from TSMC, and analysts said funding stress poses a bigger risk to downstream beneficiaries than to the core compute ecosystem.

A deepening selloff in US technology stocks hit Asia's AI hardware supply chain, with a Goldman Sachs basket of regional AI hardware stocks falling 11 per cent last week.

Rising financing costs for AI infrastructure could delay spending and reset earnings expectations for Asian suppliers. The selloff continued despite an upbeat revenue outlook from TSMC, and analysts said funding stress poses a bigger risk to downstream beneficiaries than to the core compute ecosystem.