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Chip Stocks Slump After Burry Critiques AI Slowdown Narrative

By Stocks Desk · 2026-09-14 · Updated 2026-09-14 12:42 UTC
A close-up view of a silicon wafer with a grid of square chips, resting on a clean laboratory surface.
Illustration: Tradingbird

Global semiconductor and memory shares are sliding sharply in premarket trading after AI leaders signaled a slower pace for frontier development, causing Nasdaq futures to drop over 1.4% and pushing key tech stocks like Nvidia to test critical technical support levels.

  • According to GN stocks/nasdaq, premarket trading shows Nasdaq futures down 1.44% as technical support levels break, with Nvidia projected to open near $213 and the SOX ETF testing key downside targets.

    Source: FXEmpire

  • Global semiconductor and memory shares fell sharply on Monday as Michael Burry criticized calls by AI leaders to slow frontier development, arguing the rhetoric masks competitive entrenchment and IPO timing issues.

    Source: NAI500
Based on reporting by NAI500 and FXEmpire, compiled by the Tradingbird desk.

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