U.S. Stock Market Close: All Three Major Indexes Fall, Tesla Drops 14%
U.S. stocks closed on Thursday with the Dow Jones Industrial Average initially down 0.25%, the S&P 500 index down 0.5%, and the Nasdaq Composite index down 0.8%. Tesla (TSLA.O) fell 14.2%, new stock Circle rose 167%, and both Apple (AAPL.O) and Nvidia (NVDA.O) fell over 1%.
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The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.

