{
  "id": 14684029,
  "title": "Premarket movers: Chip stocks slide as inflation fears hit AI trade",
  "url": "https://urgent.news/2026/10/15/premarket-movers-chip-stocks-slide-as-inflation-fears-hit-ai-trade",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-15T11:44:41.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/premarket-movers-chip-stocks-slide-as-inflation-fears-hit-ai-trade-4951419"
  },
  "original_language": "en",
  "account": "U.S. semiconductor stocks experienced a sharp decline on Thursday, fueled by fresh inflation data and rising concerns about further interest rate hikes from the Federal Reserve. The fallout extended to AI-linked stocks, with investors reassessing the sustainability of data center spending and the reliance on debt financing for industry growth. Key moves in premarket trading included SK Hynix, Micron Technology, Western Digital and Seagate Technology, all dropping more than 4% each, while Nvidia declined 1.8%. Intel and Advanced Micro Devices experienced a 3% drop. Meanwhile, AI infrastructure providers, like CoreWeave, faced mounting investor doubts over financing costs and returns, with the company’s bonds yielding over 16%, signaling financial distress. Despite reassurances from CoreWeave's CEO, the stock continued to sell off. Venture Global rose 1.6% after securing agreements with GE Vernova and Baker Hughes Energy Services to expand its power generation capabilities. The expansion, including up to 16 new 720-megawatt power island units, aims to meet the growing demand for dedicated power infrastructure supporting AI and other data-intensive businesses. Walmart gained 2.6% following Deutsche Bank's upgrade to Buy and raising its price target, citing a favorable outlook that could bolster the retailer's value amidst persistent inflation. The analyst also anticipates improved margins from higher-margin segments like advertising and online marketplace. Fortea Holdings surged 3.8% after Deutsche Bank upgraded it to Buy and raised its price target, reflecting renewed confidence in the company's recovery prospects. Commercial Metals reported better-than-expected earnings and revenue in its fiscal fourth-quarter, while Kimberly-Clark reported preliminary third-quarter results exceeding expectations. Penske Automotive Group announced a private acquisition by Motown Acquisition Corp., valued at around $16.3 billion, and declared a quarterly cash dividend. RELX gained 2.6% following Bank of America Securities's reaffirmation of Buy rating and increased price target, adding to analyst optimism ahead of a key corporate update. Rocket Lab's stock fell 9.4% after revealing a launch delay for its Neutron medium-lift rocket to 2027 due to structural flaws identified in the rocket's design, requiring a full redesign.",
  "summary": null,
  "key_points": [
    "U.S. semiconductor stocks plummet 4%+ in premarket trading",
    "AI-linked stocks like Nvidia and CoreWeave suffer declines",
    "Walmart and Fortea Holdings rise on upgraded ratings"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}