Headlines
Financial TimesPopulism will eat itselfBloomberg MarketsPakistan, Bangladesh Pay $1 Billion More for LNG as Hormuz Stays ClosedFinancial TimesEU warns it will investigate Fifa’s $20bn commercial ventureBloomberg MarketsSK Hynix Plunges as US Tech Earnings Loom | The Pulse 7/29/2026Bloomberg MarketsSaudi Arabia Joins US in Striking Iran-Backed Militias in IraqBloomberg MarketsUS Says Iran Attacked Forces, Ending a Pause in FightingFinancial TimesFTSE 100 hits all-time high as ‘anti-tech’ index shines in global chip routBloomberg MarketsMarkets Brace for One of the Most Uncertain Fed Days in YearsFinancial TimesTech rout roils markets after SK Hynix profits disappointBloomberg MarketsHermès’ Chief Tracks China’s Pork Prices to Gauge Handbag MarketBloomberg MarketsNvidia Partner Quanta Seeks Up to $2.2 Billion From OfferingBloomberg MarketsAres $29 Billion Private Credit Fund Sees Uptick in Non-AccrualsBloomberg MarketsAramco Mulls New Oil Pricing for Asia as Houthis Threaten FlowsBloomberg Markets‘Mr. Brexit’ Leaves Mizuho and UK After Running FICC StrategyBloomberg MarketsUkraine Hits Two Key Russian Oil Refineries After Short LullFinancial TimesPopulism will eat itselfBloomberg MarketsPakistan, Bangladesh Pay $1 Billion More for LNG as Hormuz Stays ClosedFinancial TimesEU warns it will investigate Fifa’s $20bn commercial ventureBloomberg MarketsSK Hynix Plunges as US Tech Earnings Loom | The Pulse 7/29/2026Bloomberg MarketsSaudi Arabia Joins US in Striking Iran-Backed Militias in IraqBloomberg MarketsUS Says Iran Attacked Forces, Ending a Pause in FightingFinancial TimesFTSE 100 hits all-time high as ‘anti-tech’ index shines in global chip routBloomberg MarketsMarkets Brace for One of the Most Uncertain Fed Days in YearsFinancial TimesTech rout roils markets after SK Hynix profits disappointBloomberg MarketsHermès’ Chief Tracks China’s Pork Prices to Gauge Handbag MarketBloomberg MarketsNvidia Partner Quanta Seeks Up to $2.2 Billion From OfferingBloomberg MarketsAres $29 Billion Private Credit Fund Sees Uptick in Non-AccrualsBloomberg MarketsAramco Mulls New Oil Pricing for Asia as Houthis Threaten FlowsBloomberg Markets‘Mr. Brexit’ Leaves Mizuho and UK After Running FICC StrategyBloomberg MarketsUkraine Hits Two Key Russian Oil Refineries After Short Lull
Home/CNBC Top News
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
CNBC Top Newsmarkets

Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom

CNBC Top News
Wednesday, July 29, 2026 at 11:25 AM
~4 min read
Equities

Original Report

Nvidia, SK Hynix and Samsung Electronics have led the selloff since market close on Friday.

Glass House Analysis

This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%