Investors blink on the AI trade

Semiconductor stocks that soared on AI demand are now in sharp correction, with the SOXX index down 20% from June peaks whilst concerns mount over Chinese open-source AI competition and uncertainty over which hyperscalers will actually profit from their spending.

This Wire brief sits within Fusion42's coverage of Semiconductors and AI Infrastructure. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.