October 7 to 8: the FT's restated OpenAI revenue sent Nvidia, Oracle and CoreWeave lower. October 12 to 13: CXMT's server memory plans hit SK Hynix, Samsung and Micron. October 14: Barclays cut Dell and CoreWeave's bonds neared 15%. October 15: a broader Asian tech rout cited AI funding worries, with SK Hynix down more than 10%.
The common thread CNBC cites is financing: higher rates and borrowing costs for a buildout expected to exceed $1 trillion in 2027. The Dow still rose 500 points on October 14, so the stress was concentrated.
Source: CNBC