AI and chip stocks have lost roughly $5 trillion in market value since October 6, with Nvidia and Alphabet each shedding about $835 billion. Nvidia alone dropped around 40% during that period. The iShares Semiconductor ETF fell roughly 17% in October. Despite the steep losses, 625 other large US stocks gained about $1.3 trillion, offering a counterbalance to the AI sell-off.
Jeff Hirsch of the Stock Trader's Almanac sees historical precedent for a rebound. He points to a 2020 pattern when AI stocks lost $1.5 trillion before surging in 2021. Hirsch calls the current dip "Octoberphobia" and views it as a buying opportunity based on seasonal trends that typically show strong gains after midterm elections.
South Korea's exports nearly doubled in October, rising 93.7% year over year to $115.28 billion — the sharpest jump since January 1974. Semiconductor sales overseas jumped 259.4% to $56.44 billion, driven by global AI investment demand. Computer sales spiked 496.6% from server demand for AI services. Shipments to the US grew 185.8% and to China rose 133.6%, with Samsung Electronics and SK Hynix posting surging profits. The nation posted a monthly trade surplus of $42.50 billion.
On the corporate front, Amazon is planning to increase its AI spending, with some analysts calling the stock a once-in-a-decade buy. Microsoft completed a record $25 billion multi-tranche bond sale to fund AI infrastructure and cloud platforms, supporting its $170 billion to $190 billion capital expenditure plans for 2026. Microsoft also expanded an AI collaboration with Estée Lauder to apply data intelligence across beauty brands.
Antropic, the company behind the Claude AI service, filed for an IPO aiming for an enterprise value of up to $2 trillion. The company recorded $16.3 billion in sales in the first half of the year, a 14-fold increase from the same period last year. Seven co-founders share 50.1% of the company, with Goldman Sachs and Morgan Stanley leading the organizing effort.
DeepSeek open-sourced dsh-superagent, a router-worker coding agent licensed under MIT. It runs as a TypeScript bundle that listens to GitHub and optionally Feishu for work requests, using parallel isolated sessions for each task. The agent can finish work about twice as fast as a single session approach and is available as a research prototype with DeepSeek Harness.
Wysera launched an AI agent that writes marketing copy in a company's unique brand voice. The tool drafts emails, social posts, and articles, then holds them for human approval. It stores brand voice as a versioned document for consistency and is now used by 42 teams across various industries worldwide.
Meta faces a UK antitrust probe from the Competition and Markets Authority over proposed business terms tied to publisher content and AI. Regulators worry the terms could have given Meta access to publisher-created content for use in its own AI products, potentially hurting publishers and advertisers on platforms like Instagram. Meta has temporarily suspended the disputed terms.
In a security concern, Lenovo's ThinkPlus FU100 USB drive, marketed as AES 256 encrypted, was found to contain an unencrypted SD card inside. The fingerprint reader only activated the USB connection without protecting the data. Lenovo issued a fix but advised users to back up and wipe their drives. A researcher also found backdoors and hardcoded keys in other secure USB products from multiple vendors.
Dr. Cameron Wimpy of Arkansas State University was selected for the first AI governance program at the University of Oxford. The program trains social scientists to better understand AI technology and policy. Wimpy focused on how AI is already being used in election offices and rural governments with little regulation, aiming to help social scientists contribute to governance discussions on equal footing with engineers.
Key Takeaways
- AI and chip stocks lost roughly $5 trillion in market value since October 6, with Nvidia and Alphabet each dropping about $835 billion.
- South Korea's exports nearly doubled in October, rising 93.7% to $115.28 billion, driven by a 259.4% surge in semiconductor sales tied to AI demand.
- Amazon is planning to increase AI spending, with analysts calling the stock a once-in-a-decade buy.
- Microsoft raised $25 billion through a record bond sale to fund AI infrastructure, supporting its $170 billion to $190 billion capex plans for 2026.
- Antropic filed for a US IPO targeting a $2 trillion enterprise value, with $16.3 billion in first-half sales — a 14-fold year-over-year increase.
- DeepSeek open-sourced dsh-superagent, a coding agent that uses parallel sessions to finish tasks roughly twice as fast as single-session approaches.
- Wysera launched an AI agent that writes marketing copy in a company's brand voice, now used by 42 teams worldwide.
- Meta faces a UK antitrust probe over proposed terms that could have given it access to publisher content for AI products; Meta has suspended the terms.
- Lenovo's ThinkPlus FU100 USB drive was found to lack real encryption despite being marketed as AES 256 protected.
- Dr. Cameron Wimpy was selected for Oxford's first AI governance program for social scientists, focusing on AI use in election offices and rural governments.
AI stocks shed $5 trillion but broader market gains offer hope
AI and chip stocks have lost about $5 trillion in market value since October 6. Nvidia dropped about 40% in value during that period. Meanwhile, 625 other large US stocks gained roughly $1.3 trillion. Editor Jeff Hirsch says this could be a buying opportunity based on historical patterns.
History points to remarkable gains for AI stocks ahead
AI stocks have lost roughly $5 trillion in market value since October 6. Jeff Hirsch of the Stock Trader's Almanac believes the next eight months could be remarkable. He notes a similar pattern in 2020 when AI stocks lost $1.5 trillion before rebounding strongly in 2021. His Almanac has tracked AI stock performance since 2020.
AI stocks lost $5 trillion while other US stocks gained
AI and chip stocks lost about $5 trillion since October 6 while 625 other large US stocks added about $1.3 trillion. Nvidia and Alphabet each lost roughly $835 billion in market value. The iShares Semiconductor ETF fell about 17% in October. Jeff Hirsch called this Octoberphobia and bought during the sell-off, pointing to historical seasonal patterns showing strong gains after midterm elections.
South Korean exports nearly doubled in October on AI boom
South Korea's exports rose 93.7% year over year to $115.28 billion in October, the sharpest jump since January 1974. Semiconductor sales overseas jumped 259.4% to $56.44 billion due to global demand for AI investment. Computer sales spiked 496.6% from server demand for AI services. Minister Kim Jung-kwan said annual exports of $1 trillion will likely be reached within November.
South Korea exports nearly double in October on AI investment
South Korea's exports nearly doubled in October, rising 93.7% to $115.28 billion, the strongest gain in over 50 years. Chipmakers Samsung Electronics and SK Hynix posted surging profits from strong semiconductor exports. Shipments to the US grew 185.8% and to China rose 133.6%. The nation posted a monthly trade surplus of $42.50 billion.
Amazon plans bigger AI spending, stock seen as rare buy
Amazon is planning to increase its spending on artificial intelligence. A financial outlet suggests the stock is a once-in-a-decade opportunity. The article highlights the company's growing commitment to AI development.
Wysera launches AI agent that writes in brand voice
Wysera launched an AI agent that writes marketing copy in a company's unique voice. The tool drafts emails, social posts and articles, then holds them for human approval. It stores brand voice as a versioned document so all writing sounds consistent. The agent is available worldwide and is used by 42 teams across various industries.
Antropic seeks US stock listing with up to $2 trillion value
Antropic, the company behind the Claude AI service, filed for an IPO on the US stock market. It aims for an enterprise value of up to $2 trillion and plans to list under the code ANT on Nasdaq. The company recorded $16.3 billion in sales in the first half of the year, a 14-fold increase from the same period last year. Seven co-founders share 50.1% of the company and Goldman Sachs and Morgan Stanley are lead organizers.
DeepSeek releases open-source dsh-superagent coding tool
DeepSeek open-sourced dsh-superagent, a router-worker coding agent licensed under MIT. It runs as a TypeScript bundle that listens to GitHub and optionally Feishu for work requests. The agent uses parallel isolated sessions for each task and can finish work about twice as fast as a single session approach. It is a research prototype available for use with DeepSeek Harness.
Microsoft raises $25 billion for AI infrastructure push
Microsoft completed a record $25 billion multi-tranche bond sale to fund AI infrastructure and cloud platforms. The bond deal includes fixed and floating rate notes maturing from 2 to 40 years. Microsoft also expanded an AI collaboration with Estée Lauder to apply data intelligence across beauty brands. The funding supports the company's $170 billion to $190 billion capital expenditure plans for 2026.
Wimpy chosen for Oxford AI governance program for social scientists
Dr. Cameron Wimpy, an associate professor at Arkansas State University, was selected for the first AI governance program at the University of Oxford. The program trains social scientists to better understand AI technology and policy. Wimpy focused on how AI is already being used in election offices and rural governments with little rules. The program included weekly online sessions and an intensive training period at Oxford. The goal is to help social scientists contribute to AI governance discussions on equal footing with engineers.
Lenovo fingerprint USB drive found to lack real encryption
A security researcher found that Lenovo's ThinkPlus FU100 USB drive, sold as AES 256 encrypted, actually contained an unencrypted SD card inside. The fingerprint reader only turned on the USB connection and did not protect the data. Lenovo issued a fix early this year but advised users to back up and wipe their drives before sending them in. AI-assisted testing also found backdoors and hardcoded keys in other secure USB products from multiple vendors. Researcher Michael Li advised users to verify security claims themselves because client-side validation is not secure.
Meta faces UK antitrust probe over AI content terms
The UK's Competition and Markets Authority is investigating Meta Platforms over proposed business terms tied to publisher content and AI. The terms could have given Meta access to content created by publishers for use in its own products, including AI services. Regulators worry the arrangement could hurt publishers and advertisers on platforms like Instagram. Meta has temporarily suspended the disputed terms. The investigation is still in an early stage and has not proven that Meta violated competition law.
Sources
- AI stocks just lost $5 trillion — but history says the stock market's sweetest stretch starts now
- AI Stocks Lost $5 Trillion. History Says the Next Eight Months Could Be Remarkable.
- AI Stocks Lost $5 Trillion as Other Shares Gained
- South Korean exports nearly doubled in October on AI investment boom
- South Korea exports nearly double in October on AI investment boom
- Amazon Plans to Spend More on AI. Here’s Why the Stock is a Once-in-a-Decade Buy Hiding in Plain Sight.
- Wysera Launches an AI Agent That Writes Marketing Content in a Company's Own Voice
- Antropic, which developed the artificial intelligence (AI) service "Claude," is seeking to list on t..
- DeepSeek Open-Sources dsh-superagent, a Router-Worker Coding Agent
- Microsoft (MSFT) Lands $25 Billion Bond Deal As AI Push Deepens
- Wimpy Selected for Inaugural Oxford AI Governance Program for Social Scientists
- Lenovo's 'encrypted' fingerprint USB drive is just an unencrypted SD card in a fancy case — AI-assisted follow-up finds a backdoor and hardcoded keys in other ‘secure’ USB products
- Meta Faces UK Antitrust Investigation Over Publisher Content and AI Terms
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