Rising AI Spending Concerns Weigh on US Tech Stocks
As Amazon continued to expand artificial intelligence capital spending and Intel issued a cash-burn warning, market anxiety over high AI infrastructure costs and a prolonged payback period intensified, dragging US tech stocks broadly lower. The Nasdaq opened at its lowest in more than two months, with semiconductor and heavyweight stocks under pressure together. TSMC ADR was also hit, with spillover effects spreading into Asia's after-hours trading session.
TAIFEX Night Futures Plunge Below 45,000
Weighed down by weakness in US semiconductor stocks, TAIFEX after-hours futures opened lower and moved lower. As of 0:38 on the 31st, TAIFEX night futures had plunged 695 points, down 1.53%, at 44,605, with an intraday low of 44,568, falling below the 45,000 mark in one move. The index has now entered the lower edge of a key chip-concentration support zone with cumulative quarterly volume of 300,000 contracts, ranging from 44,556 to 45,346. If it fails to hold, the next downside defense will retreat to the 43,765 to 44,555 range.
PTT Buzzes Over Black Monday and Margin Pressure
As US stocks and TAIFEX night futures fell sharply together, PTT's Stock board was flooded late at night with a large volume of discussion, with most comments highly cautious about Taiwan stocks next Monday, worrying about a catch-up drop and margin-call pressure, with some users describing their fears as Black Monday or a thousand-point move. Discussion focused on selloffs in chip stocks including Intel, AMD, Marvell and SanDisk, with many comments mentioning foreign-investor withdrawals and linking the market action to fears of an AI capex bubble and geopolitical uncertainty.
Bulls and Bears Clash Online, Warn Against Blind Dip-Buying
Amid the sharp volatility, sentiment in the community was split between bulls and bears. Bearish views saw continued near-term risk and mentioned the possibility of a retest by the index; bullish or would-be buyers reminded each other not to blindly catch a falling knife amid consecutive declines, using terms such as dry powder and graduation posts to express caution. Overall, the comments reflected collective anxiety among retail investors during a high-level correction, with an emphasis on risk control. Investing always involves risk, and investors should evaluate carefully when making decisions and be responsible for their own results.