SEMI.AX is trading at A$33.89, down 3.12%, as AI-spending concerns deepened after Alphabet’s revenue miss and heavy cash burn.

  • Reuters reported semiconductor stocks fell 1.4% on October 29; Samsung’s chip-profit miss and higher spending plans weighed on memory-chip sentiment, reversing optimism after SK Hynix’s strong results.
  • Higher-than-expected inflation and resilient growth added to concern that interest rates may stay restrictive.
  • The US tech selloff broadened after market close, with Amazon and Intel falling sharply on results and outlook.