Spike in Oil Prices Raises Concerns in the AI Industry
The pace at which the AI boom was expected to pan out this year has come under scrutiny as energy markets are rattled by the war in the Middle East. Semiconductor stocks have experienced high levels of volatility since Israel and the U.S. attacked Iran, and there are concerns that if the war drags on for much longer, the AI industry could suffer significant setbacks. Already, major players in the semiconductor industry like Taiwan Semiconductor Manufacturing Co., SK Hynix and Samsung Electronics have seen the prices of their stocks shed between 9% and 22% during the first week of the…