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Deep & Emerging Tech·October 30, 2026·1 min read

Big Tech’s Deepening AI Funding Concerns Sink Asian Chip Stocks

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Public markets are starting to question whether current AI capex levels are sustainable, and that doubt is now hitting upstream chipmakers. If you’re building on the assumption of infinite cheap accelerators, bake in scenarios where hyperscaler demand growth flattens and pricing or availability tighten instead of loosen.

Deep & Emerging Tech

Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours

Sandisk nearly quintupling revenue to $11 billion yet trading down after hours shows how high the bar is for anything tied to AI and memory. If your thesis depends on “AI demand will lift all boats,” remember that markets are already pricing in explosive growth — surprises now have to be on durability and margins, not just top-line.