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Tech stocks tank on Wall Street. Is the chip bubble finally popping?

Fast Company Tech Chris Morris June 23, 2026
Tech stocks tank on Wall Street. Is the chip bubble finally popping?
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# Stock Market Jitters: Is AI's Hot Streak Over? Tech and chip company stocks dropped sharply this week, with some investors worried this could be the start of a bigger collapse in the AI investment boom. Markets in South Korea and Europe were hit particularly hard, with major chipmakers like Samsung and SK Hynix losing about 12% of their value. However, many Wall Street analysts think this is just normal market ups and downs rather than a sign that the AI trend is actually falling apart.

Tech stocks continued their slide Tuesday, stoking concerns that the long-feared collapse of the AI and chip rally could be near. But some traders on Wall Street say this is only a bump in the road. The Nasdaq Composite Index was down 475 points, or nearly 2%, as of 9:45 a.m. ET Tuesday, after dr

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