# Why AI Chip Stocks Are Plunging While Equipment Makers Rally

Page: https://stenobird.com/podcast/the-ai-podcast-with-fexingo-artificial-intelligence-machine-learning-and-modern-ai-models-7872011/why-ai-chip-stocks-are-plunging-while-equipment-makers-rally
Text version: https://stenobird.com/podcast/the-ai-podcast-with-fexingo-artificial-intelligence-machine-learning-and-modern-ai-models-7872011/why-ai-chip-stocks-are-plunging-while-equipment-makers-rally.md
Podcast: [The AI Podcast with Fexingo: Artificial Intelligence, Machine Learning, and Modern AI Models](https://stenobird.com/podcast/the-ai-podcast-with-fexingo-artificial-intelligence-machine-learning-and-modern-ai-models-7872011)
Published: 2026-06-26T08:10:06+00:00
Episode link: https://audio.fexingo.com/business/the-ai-podcast/episode-0074.mp3
Audio file: https://audio.fexingo.com/business/the-ai-podcast/episode-0074.mp3
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Duration seconds: 547

## Resource

Episode 74 of The AI Podcast drills into a striking divergence in AI-linked stocks as of late June 2026. While major chip designers like NVIDIA and Broadcom have dropped 7-8 percent in the past week, semiconductor equipment makers like Applied Materials and ASML are flat to up. Lucas and Luna explore the structural story behind the split: the AI infrastructure buildout has shifted from chip procurement to fab construction. They unpack why ASML's extreme ultraviolet lithography machines are suddenly more in focus than NVIDIA's GPUs, and what it means for investors who've been betting on AI hardware. Specific data points include the SOXX index's 2.2 percent weekly decline versus Applied Materials' 8.2 percent gain, and the $1.2 trillion in announced fab spending globally through 2030. The hosts also discuss how this mirrors the pick-and-shovel pattern in earlier technology booms, and what it signals about the maturation of AI as an industrial cycle. #AI #SemiconductorEquipment #AppliedMaterials #ASML #NVIDIA #ChipStocks #AIInfrastructure #SOXX #Lithography #FabConstruction #Investing #TechStocks #HardwareCycle #MarketDivergence #FexingoBusiness #BusinessPodcast #Technology #AIHardware Keep every episode free: buymeacoffee.com/fexingo

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