US chip stocks slide as inflation and AI debt fears hit Nvidia, AMD

US chip stocks fell Thursday as inflation worries and rising debt costs deepened a sell-off, with Nvidia dropping 2% and AMD falling 4%. Sandisk tumbled 6%, while Micron and SK Hynix declined, as investors also weighed competition from Chinese chipmakers. Strong earnings at TSMC failed to lift confidence, with its shares down 4%. Higher-than-expected September wholesale inflation raised concerns the Federal Reserve may keep borrowing costs elevated, pressuring debt-heavy AI infrastructure companies like CoreWeave, whose shares fell up to 7%.