{"slug": "intel-and-micron-shares-slide-as-chip-sector-selloff-erases-1-3-trillion-in", "title": "Intel and Micron shares slide as chip sector selloff erases $1.3 trillion in value", "summary": "Intel and Micron shares fell more than 7% after Broadcom's AI chip forecast missed Wall Street expectations, triggering a semiconductor selloff that erased roughly $1.3 trillion in sector market value. The rout raises questions about whether projected $650 billion in AI infrastructure spending will generate returns fast enough to justify high chip valuations, according to market observers.", "body_md": "# Intel and Micron shares slide as chip sector selloff erases $1.3 trillion in value\n\nThe semiconductor rout is spilling beyond chip stocks, raising questions about AI spending sustainability and risk appetite across crypto markets.\n\nThe semiconductor sector is having a rough summer. Intel and Micron are leading a broad-based chip selloff that has carved roughly $1.3 trillion off the sector’s market value at its worst point, even as the rest of the tech landscape holds relatively steady.\n\nThe PHLX Semiconductor Index surged 92% heading into early June 2026. Now the bill is coming due.\n\n## What triggered the rout\n\nThe dominoes started falling around June 4, when Broadcom delivered an AI chip forecast that landed well below Wall Street’s expectations.\n\nIntel and Micron both dropped more than 7% in the immediate aftermath. By July, Intel shares had cratered more than 20% from their pre-selloff levels. The Philadelphia Semiconductor Index fell as much as 10.8%.\n\nMicron became the poster child for volatility in the memory chip space. The stock swung between 6% and 13% declines across multiple trading sessions from June into July, often dragging competitors like SK Hynix and Samsung along for the ride.\n\n## The AI capex question nobody wants to answer\n\nAt the heart of the selloff sits a number: $650 billion. That’s the projected capital expenditure for AI-related infrastructure, representing a 67% year-over-year increase.\n\nBroadcom’s guidance threw cold water on that logic. The market’s new question isn’t whether companies will spend $650 billion on AI infrastructure. It’s whether that spending will translate into returns fast enough to justify the chip sector’s stratospheric valuations.\n\nThe more common framing among market observers is a “reset” in AI investment expectations rather than an outright end to the cycle.\n\n## Why crypto investors should care\n\nThe chip selloff has coincided with broader risk-off sentiment that has shown up in Bitcoin and other digital assets. While no specific crypto tokens have been directly tied to semiconductor market volatility, when big money gets spooked in tech, it tends to pull back across the board.\n\nThere’s also a more direct connection worth noting. The same GPU chips that power AI training also underpin certain mining and computational networks in the crypto ecosystem. A repricing of AI hardware expectations could ripple into the economics of crypto mining operations and AI-adjacent blockchain projects.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/intel-and-micron-shares-slide-as-chip-sector-selloff-erases-1-3-trillion-in", "canonical_source": "https://cryptobriefing.com/intel-micron-chip-sector-selloff/", "published_at": "2026-07-24 19:20:53+00:00", "updated_at": "2026-07-24 19:38:02.319107+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-chips"], "entities": ["Intel", "Micron", "Broadcom", "PHLX Semiconductor Index", "SK Hynix", "Samsung"], "alternates": {"html": "https://wpnews.pro/news/intel-and-micron-shares-slide-as-chip-sector-selloff-erases-1-3-trillion-in", "markdown": "https://wpnews.pro/news/intel-and-micron-shares-slide-as-chip-sector-selloff-erases-1-3-trillion-in.md", "text": "https://wpnews.pro/news/intel-and-micron-shares-slide-as-chip-sector-selloff-erases-1-3-trillion-in.txt", "jsonld": "https://wpnews.pro/news/intel-and-micron-shares-slide-as-chip-sector-selloff-erases-1-3-trillion-in.jsonld"}}