AI investing is a 'casino,' Broadcom boss warns as chip stocks slide
📡 Financial Times · 1 min read ·
Part of composite article AI Selloff Wipes 10% Off Samsung as Korea Halts Trading View full article →
Broadcom CEO Hock Tan warned that AI investing has turned into a "casino" mentality, triggering a sell-off in chip stocks across Asia.
Samsung and SK Hynix led the decline, dragging South Korea's Kospi index sharply lower.
Investors are growing nervous about the massive scale of spending on artificial intelligence and whether those investments will pay off.