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businessWednesday, July 29, 2026

Chip stocks slide as AI jitters spread

A broad sell-off in AI-related stocks rattled markets today, with South Korea's Kospi plunging 8% and chip giants like SK Hynix and Samsung taking heavy hits. The jitters come as investors question AI's near-term returns, even as Nvidia's Jensen Huang doubles down on a 5-10x compute boom. Meanwhile, DoorDash's CEO offers a reality check on AI coding tools, and Tesla pivots solar strategy to power data centers.

Sources

AI stock jitters

The AI stock sell-off deepened today, with chipmakers bearing the brunt as investors rethink the sector's frothy valuations.

#01www.bbc.comJul 29

Chip stocks slide in US and Asia as AI jitters rattle investors

Chip stocks slid sharply in the US and Asia as AI jitters deepened. South Korea's Kospi was temporarily halted after an 8% drop, led by Samsung and SK Hynix.

by yogthos6 min readRead original

#02apnews.comJul 29

South Korea's Kospi share index falls 8%, as investors dump more AI-related stocks | AP News

SK Hynix fell 13% after missing quarterly profit forecasts, despite year-over-year growth. The miss amplified fears that AI chip demand isn't translating to earnings as fast as expected.

3 min readRead original

#03thenewstack.ioJul 29

Jensen Huang says AI agents could drive a 5-10x computing boom: “100 billion agents and billions of robots”

Jensen Huang predicts a 5-10x computing boom from AI agents and robots, with Nvidia backing it via a $500M investment. The vision contrasts sharply with today's market sell-off.

AI's real-world limits

Two pieces today question the hype: DoorDash's CEO argues AI coding tools miss the bigger picture, and a critical look at Oracle's AI-fueled borrowing.

#04www.businessinsider.comJul 29

DoorDash CEO says AI coding is not enough for engineering productivity

DoorDash CEO Tony Xu argues AI coding tools only address a fraction of an engineer's day. Real productivity gains, he says, come from improving product reviews, design meetings, and cross-team alignment.

#05www.seattletimes.comJul 29

AI is running on borrowed money

A Seattle Times piece uses Oracle's Larry Ellison funding son David's media empire as a metaphor: AI is running on borrowed money, with massive spending not yet matched by returns.

Energy and supply chains

As AI's energy demands grow, Tesla pivots its solar strategy toward industrial projects, and a new book traces supply-chain tech from punch cards to neural nets.

#06www.businessinsider.comJul 29

Elon Musk's solar ambitions have shifted from powering homes to powering Tesla's AI era

Tesla is shifting from residential rooftop solar to large-scale industrial projects to power AI data centers. The pivot aligns with Musk's call for massive solar investment to meet AI's energy needs.

#07yalebooks.yale.eduJul 29

Seeing Like a Supply Chain

A new book, 'Seeing Like a Supply Chain,' traces the history of supply-chain tech from punch cards to neural nets, exploring how built-in ambiguity helps companies navigate uncertainty.

Also today12

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One Nation faces being struck off in Queensland after failing to file audited financial statementswww.theguardian.com
Pauline Hanson's One Nation party faces deregistration in Queensland after failing to lodge three years of audited financial statements with the state's regulator. The breach exposes Hanson (registered president) and NSW One Nation Senator Sean Bell (secretary) to financial penal
2026 Hacker Summer Camp Field Guidewww.hendryadrian.com
A brief promotional overview of the 2026 Hacker Summer Camp in Las Vegas, highlighting key events like the CISO Roast, startup competitions, and networking opportunities for security professionals. The piece also offers practical tips for attendees on managing outreach, conservin
Better seed technology strengthens SA’s grain futurewww.foodformzansi.co.za
South African grain production faces increasing complexity due to weather variability, changing pest and disease pressures, rising input costs, and demands for sustainable farming. Corteva Agriscience highlights that while favorable soil moisture and dam reserves offer hope for t
YouTube Shorts Custom Thumbnails Reach Partner Creatorswww.pashtomedium.com
YouTube has rolled out custom thumbnail support for Shorts, available to creators in the YouTube Partner Program. The feature, long requested by the creator community, allows eligible users to upload a custom image for their Shorts instead of being limited to selecting a single v
Rising operational costs, payment delays sink 1.2 lakh MSMEs: Shiv Sena(UBT) in ‘Saamana’www.socialnews.xyz
The Shiv Sena (UBT) party, in an editorial in its mouthpiece 'Saamana', has criticized the central government by citing Lok Sabha data showing that over 1.25 lakh MSMEs and factories have shut down in the last three years, leading to massive job losses. The party claims this cont