Chip stocks fell 9–17% today on fears of a slower data center buildout. The buyers' own filings show Q3 capex doubled to about $202bn, and Microsoft, Meta and Alphabet closed $52.5bn plus €6bn of new debt and preferred stock since Oct 29
Thursday's close (third-party data): S&P 500 −4.36%, Nasdaq −5.52% (now more than 10% below its October record), Dow −1,833 points (−3.44%). Chips took the worst of it: Nvidia −9.3%, Broadcom −10.4%, AMD −17.3%, Micron −17.5%. The reason…
