Flaring inflation concerns are threatening to unravel the core of the artificial intelligence trade. Investors are grappling with the possibility that massive investment dollars poured into chips and hardware could dry up amid rising inflation and increased borrowing costs. The iShares Semiconductor ETF (SOXX) fell over 4% on Wednesday, with specialized chip names like Credo (CRDO) down 10% and Marvell Technology (MRVL) down 9%. The Nasdaq Composite Index, which had hit a fresh all-time high earlier in October, retreated 1.9% on the same day, while the S&P 500 lost 1.1% and the Dow Jones Industrial Average slipped 0.1%.
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