AI-linked hardware and chip stocks suffered a broad selloff on Wednesday as investors locked in gains and questioned the sustainability of AI infrastructure demand. Dell Technologies fell as much as 12% to $397.69 after a report that Meta Platforms plans to lease out surplus AI capacity, raising concerns that hyperscale cloud providers may have overbuilt data center infrastructure and could slow future server orders. Micron Technology dropped about 9% amid reports of potential tighter U.S. restrictions on high-bandwidth memory exports and growing competition from Chinese manufacturers. SanDisk slid sharply after a research firm cut its near-term NAND flash outlook, citing faster-than-expected declines in average selling prices. Advanced Micro Devices also declined, caught in the sector-wide retreat after its stock had more than doubled year-to-date on AI optimism.
Advanced Micro Devices Inc
Dell Technologies Inc
Micron Technology Inc
Sandisk Corp
Meta Platforms Inc.
GF Securities Co Ltd