{"id":72901,"date":"2026-10-12T17:08:16","date_gmt":"2026-10-12T21:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-mixed-as-chipmaker-selloff-pressures-tech-microsoft-unveils-in-house-ai-silicon\/72901\/"},"modified":"2026-10-12T17:08:16","modified_gmt":"2026-10-12T21:08:16","slug":"market-mixed-as-chipmaker-selloff-pressures-tech-microsoft-unveils-in-house-ai-silicon","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-mixed-as-chipmaker-selloff-pressures-tech-microsoft-unveils-in-house-ai-silicon\/72901\/","title":{"rendered":"Market Mixed as Chipmaker Selloff Pressures Tech; Microsoft Unveils In-House AI Silicon"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Tech-heavy Nasdaq 100 fell 0.7%<\/strong> as a broad selloff in semiconductor stocks outweighed gains in the industrial sector.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>) unveiled its Maia 300 AI chip<\/strong>, signaling a major push into custom silicon to reduce reliance on <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>).<\/li>\n<li><strong>Bumble (<a href=\"\/stock\/BMBL\">BMBL<\/a>) shares surged over 50%<\/strong> following reports of advanced talks to go private in a deal valued at approximately <strong>$1 billion<\/strong>.<\/li>\n<li><strong>WTI Crude rose 1.5% to $93.23\/barrel<\/strong> amid escalating Middle East tensions after the Saudi-led coalition intercepted Houthi missiles.<\/li>\n<li><strong>Investors eye Wednesday\u2019s US CPI report<\/strong> and the start of Q3 earnings season, with <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> profits projected to grow <strong>25% year-over-year<\/strong>.<\/li>\n<\/ul>\n<p>U.S. equity markets finished Monday with a split performance as a deepening rout in the semiconductor sector dragged on technology shares. The <strong>Nasdaq 100<\/strong> declined <strong>0.7%<\/strong>, while the <strong>S&amp;P 500<\/strong> remained largely flat and the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong> managed a <strong>0.4%<\/strong> gain. The divergence highlights growing investor caution ahead of critical inflation data and a high-stakes third-quarter earnings season.<\/p>\n<p>The chipmaker selloff was exacerbated by <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>)\u2019s announcement of its <strong>Maia 300<\/strong> custom AI chip. Described by CEO Satya Nadella as the company\u2019s &quot;biggest bet yet&quot; on in-house silicon, the chip is designed to power internal AI services and reduce long-term dependence on <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>). Consequently, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares fell roughly <strong>1.6%<\/strong>, leading a broader decline in the Philadelphia Semiconductor Index.<\/p>\n<p>In the corporate deal space, Bumble (<a href=\"\/stock\/BMBL\">BMBL<\/a>) saw its stock price skyrocket by more than <strong>50%<\/strong> to <strong>$3.86<\/strong>. The rally followed reports that the dating app operator is in advanced discussions to be taken private by <strong>Ithaca Holdings<\/strong>. The proposed deal, valued at <strong>$1 billion<\/strong>, comes as the company seeks to revitalize growth through AI-powered features following a significant decline in its market valuation since its 2021 IPO.<\/p>\n<p>Commodity and bond markets reflected heightened geopolitical and economic anxiety. <strong>WTI Crude<\/strong> climbed <strong>1.5%<\/strong> to settle at <strong>$93.23 per barrel<\/strong> after the Saudi-led coalition reported the interception of two Houthi ballistic missiles targeting Khamis Mushait. Meanwhile, the <strong>10-year Treasury yield<\/strong> held firm at <strong>5.24%<\/strong>, its highest level in nearly two decades, as traders braced for Wednesday\u2019s <strong>Consumer Price Index (CPI)<\/strong> report.<\/p>\n<p>Cryptocurrency and precious metals also faced downward pressure. <strong>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>)<\/strong> dropped <strong>0.8%<\/strong> to <strong>$82,898<\/strong>, while <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/strong> fell <strong>0.6%<\/strong> to <strong>$4,168.35 per ounce<\/strong>. Market participants remain focused on the upcoming earnings reports from major financial institutions, which are expected to provide clarity on whether the projected <strong>25%<\/strong> profit growth for the S&amp;P 500 can be sustained in a high-rate environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Tech-heavy Nasdaq 100 fell 0.7% as a broad selloff in semiconductor stocks outweighed gains in the industrial sector. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[33,633,970,3712,3734,3806,3807,3808,4101],"class_list":["post-72901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-msft","tag-nvda","tag-wti","tag-cpi","tag-btc","tag-spy","tag-qqq","tag-dia","tag-bmbl"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/72901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=72901"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/72901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=72901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=72901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=72901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}