Is the AI stock boom losing steam after the latest chip selloff?

Asian technology stocks tumbled after the Philadelphia Semiconductor Index dropped more than 4% overnight, rattling investor confidence in the artificial intelligence trade. The selloff spread across major Asian markets, dragging down AI-linked companies even though industry fundamentals showed no major deterioration, with analysts noting that elevated valuations had left little room for disappointment. Investors are now awaiting upcoming earnings from major technology companies and chipmakers for fresh evidence that AI demand remains strong.