AI Spending Concerns Drag Down US Tech Stocks
Continued expansion of AI capital spending by Amazon, along with a cash-burn warning from Intel, intensified investor anxiety over the high cost of AI infrastructure and the long payback period, dragging US technology stocks broadly lower. The Nasdaq opened down to a more than two-month low. Concerns over pressure on semiconductor and heavyweight stocks left the broader technology sector weak, with investment sentiment turning cautious.
TAIFEX Night Session Plunges Below 45000
Linked to weakness in US semiconductor and heavyweight stocks, with TSMC ADR plunging, TAIFEX after-hours trading opened low and moved lower. As of 00:38 on the 31st, the TAIFEX night session fell sharply by 695 points, down 1.53%, to 44560, with an intraday low of 44568, falling below the 45000 mark. The index has now entered the lower edge of a key chip-concentration support zone with cumulative volume of 300,000 contracts over the recent quarter, ranging from 44556 to 45346. If it fails to hold, downside support will retreat further to the 43765 to 44555 range.
PTT Fears Black Monday and Margin Pressure
The sharp joint decline in US stocks and the TAIFEX night session drove a late-night flood of a large volume of discussion on the PTT Stock board, with most retail investors on high alert over fears that Taiwan stocks could face a catch-up decline and margin-liquidation pressure next Monday. Netizens left comments saying Black Monday is coming, worrying that Monday's open could face a 1000-point-level correction. Discussion focused on plunges in chip stocks including Intel, AMD, Marvell Technology and SanDisk, with many netizens noting continued heavy selling by foreign investors, suspecting the market is pricing in AI capital-spending bubble risks and geopolitical uncertainty early, and warning that stocks with high margin balances could face margin calls.
Bulls and Bears Clash, Warn Against Blind Bottom-Fishing
Facing sharp volatility, the community showed a clash of bullish and bearish sentiment. Bearish netizens cheered victory for the shorts and predicted the index will retest the 40000 mark; bullish or bottom-fishing retail investors reminded each other not to use up ammunition too quickly, stressing the extremely high risk of consecutive sell-offs and warning not to rashly catch a falling knife. The board also saw many graduation posts, as well as comments about collecting chicken steak or joking about going to hell, reflecting collective anxiety and helplessness among retail investors facing a high-level correction. Investing involves risks, and investors should carefully assess risks when making decisions and be responsible for their own investment results.