저자: KBS News · 외국인
요약 보기
인텔 주가가 하루 만에 약 29% 급락해 52년 만에 최대 일일 하락폭을 기록했다. 하루 만에 약 1400억 달러(약 187조 원)의 시가총액이 증발했으며, 원인은 3분기 실적 발표에서 밝힌 AI 투자로 올해 현금흐름을 흑자로 전환하기 어렵다는 전망이다. 모회사 알파벳의 주가 급락과 함께 다른 반도체 종목도 타격을 받았다. 엔비디아와 SK하이닉스 ADR 등 주요 기술주도 하락을 피하지 못했다. 나스닥은 2.8%, 나스닥100은 3.46% 하락했고, 대규모 AI 투자를 둘러싼 'AI 버블' 논쟁이 다시 불거졌다. 오픈AI가 외부 자금 조달 목표를 100억 달러 줄였다는 보도도 나왔다. 알파벳은 검색 광고 매출 둔화와 AI 투자 우려로 상장 이후 최대인 12.6% 하락했고, 약 5000억 달러(약 669조 원)의 시가총액이 사라졌다. 이는 미국 증시 역사상 두 번째로 큰 하루 시가총액 감소 규모다. 이 충격으로 나스닥과 필라델피아 반도체지수도 각각 1.4% 하락했다. 국내에서는 SK하이닉스와 삼성전자가 역대급 실적을 발표했음에도 시장 분위기가 가라앉았다. 삼성전자의 3분기 영업이익은 사상 최대인 107조 4000억 원으로 분기 기준 처음 100조 원을 넘었다. 그러나 주주환원 발표가 미흡하고 기대치가 높아 실망 매물이 나왔다는 분석이다. 중국에서도 반도체와 휴머노이드 로봇 관련 종목이 급락했다. 유니트리는 상장 두 달 만에 고점 대비 약 40% 하락했고, STAR50 지수는 7월 고점 대비 40% 넘게 빠졌다. 한편 AI 기업 앤트로픽은 기업가치 2조 달러, 조달 규모 1000억 달러 규모의 나스닥 상장을 추진 중이라는 보도가 나왔다. 올해 상반기 매출은 약 163억 달러로 전년 대비 14배 늘었으나, 증권신고서에서는 안전장치 없이 배포된 AI가 인류에게 재앙이 될 수 있다는 경고에 많은 분량을 할애해 주목받았다.
다듬은 글
Intel's Stock Plunge and the Shock to U.S. Equities
After the crypto market, U.S. stocks were also shaken hard. Intel, the American chipmaker, plunged nearly 30% in a single day. Concerns over the cash flow of major U.S. tech companies pouring massive funds into AI investment triggered the correction. This report is from New York correspondent Woo Jung-hwa.
Intel's Largest Drop in 52 Years
Here is Intel's daily stock chart. The stock, which was around $92 on the 29th local time, fell to the $65 level the next day. The 29% one-day drop is the largest daily decline in 52 years. About $140 billion in market capitalization, roughly 187 trillion won, evaporated in a single day.
The decisive cause was its third-quarter earnings announcement. Intel said it would have difficulty turning its cash flow positive this year because of AI investment. As Alphabet, Google's parent company, saw its shares tumble, other chip stocks were also hit by the AI-related setback.
Spreading Across Tech Stocks
Major tech stocks such as Nvidia and SK Hynix's ADRs could not avoid the decline. The tech-heavy Nasdaq closed down 2.8%, and the Nasdaq 100, which contains the major tech companies, plunged 3.46%. As large AI companies continue their massive investments, the "AI bubble" debate has resurfaced in the market.
The key question is when and how much AI investment can be recovered. OpenAI, the developer of ChatGPT that was preparing to go public, reportedly cut its external fundraising target by $10 billion. This is KBS News Woo Jung-hwa in New York.
Alphabet Plunges 12.6%, $50 Billion in Market Value Wiped Out
Alphabet's shares recorded their largest drop since its listing, on weak search advertising revenue and concerns over AI investment. Alphabet closed on Nasdaq down 12.6%. The Financial Times reported that the decline wiped out $500 billion, about 669 trillion won, in Alphabet's market capitalization, the second-largest one-day decline in U.S. stock market history.
The Alphabet shock pushed the Nasdaq and the Philadelphia Semiconductor Index down 1.4% each.
Issue Money: Earning 100 Trillion Won, So Why Are Shares Falling?
**Anchor:** SK Hynix and Samsung Electronics announced their earnings the day before yesterday and yesterday. Despite breaking earnings records, the market mood sank sharply yesterday. What was different from the day before?
**Kwon Hyuk-joong, economic commentator:** Investors had already expected the earnings themselves. I think the selling came from disappointment over shareholder returns. Samsung Electronics' third-quarter operating profit hit a record 107.4 trillion won. It was the first time operating profit exceeded 100 trillion won in a single quarter. But the shareholder return announcement was lukewarm, and investors were greatly disappointed. There are market speculations about the separation of industrial capital laws or inheritance tax issues, but nothing has been officially confirmed. Part of the disappointment selling also came from the comparison with SK Hynix's announcement of large-scale investment. A Nomura Securities analyst said the KOSPI is a key indicator of AI industry investment. In other words, expectations have risen so high that even a small miss leads to disappointment selling.
**Anchor:** As earnings from overseas AI companies keep coming out, concerns about tech stocks are growing too. The decline in this sector was pronounced in New York stocks early this morning.
**Kwon:** That's right. The core issue is whether they are actually making money. Alphabet already fell sharply in after-hours trading after its earnings release. Cloud revenue grew 103% over the year, but operating profit fell short of expectations and free cash flow posted a $9 billion deficit, sending the stock down. With two consecutive quarters of losses, doubts have arisen about whether it has the capacity to spend money when it should be earning it. Bloomberg reported that the market harbors concerns that Alphabet could fall behind in the AI race. By contrast, companies that are profitable, such as Microsoft and Oracle, maintained their gains after their earnings releases. Going forward, the market will pay more attention to whether companies are actually generating profits.
**Anchor:** The biggest concern for investors is probably how sustainable the profitability of AI revenue will be. What is your view?
**Kwon:** Demand itself is solid. A Bank of Korea report cited the dot-com bubble as an example. Back then, optical communication companies invested massively in optical cable, believing the internet era was coming, but only 2 to 5% was actually used. The situation today is different. In the first half of this year, the vacancy rate of North American data centers was only 1.4%. More than 80% of both new and existing data centers are already contracted to companies. Samsung Electronics also said its HBM supply for next year is already sold out. However, there are caveats. Corporate bond issuance by the big five hyperscalers doubled from last year, meaning debt is growing rapidly. Orders are also concentrated in a few companies. Anthropic and OpenAI account for 38% of cloud demand. If their revenue shrinks, demand could contract like dominoes, so this must be watched closely.
Chinese Chip and Humanoid Robot Stocks Also Plunge
In China, major chip companies and humanoid robot firms listed one after another and drew investor attention. But within just a few months, advanced tech stocks have plunged, raising fears of a bubble bursting. This report is from Beijing correspondent Lee Seung-joon.
Unitree, a leading Chinese robotics company, unveiled a new humanoid robot emphasizing practical uses such as rescue missions. When it listed in August last year, its share price soared more than six times its offering price and drew attention. But within two months, the stock had fallen nearly 40% from its peak.
The STAR50 index, which tracks the 50 leading stocks on the Shanghai Stock Exchange's tech-focused STAR board, dropped more than 40% from its July peak. Most of the top 10 stocks by weight in the STAR50 index are AI or chip-related companies. Some analysts say the AI bubble is deflating.
Chang Xin Memory, which drew attention when it listed in July, also fell nearly 30% from its peak. Opinions are divided on whether this is a bubble bursting or a bottom being confirmed. If the stock market slump continues, there are growing concerns that the Chinese government's plan to raise funds for advanced industries through capital markets could be disrupted. This is KBS News Lee Seung-joon in Beijing.
Anthropic IPO: Could It Be the Largest Ever?
Experts expect that if the AI company Anthropic lists on Nasdaq, it will be the largest initial public offering in history. However, Anthropic devoted a large part of its registration statement to warnings that AI could pose a threat to humanity. This report is from reporter Lim Jong-bin.
Anthropic did not disclose in its filing with the U.S. Securities and Exchange Commission the number of shares to be offered or the target price range. However, U.S. media reported that its corporate valuation could reach $2 trillion and that it would raise $100 billion, about 133 trillion won. That would exceed the offering record SpaceX set last month.
Anthropic's revenue in the first half of this year was about $16.3 billion, up 14 times from a year earlier. But what drew more attention than its earnings was its warnings about risks. The company devoted a large section of its investment risk factors to warning that AI deployed without safeguards could be a catastrophe for humanity. It also noted that AI has already been used in major cyberattacks and that its models could help in developing biochemical weapons.
It also disclosed actual risk cases. It said that during cybersecurity testing, internet connections were not properly blocked, and an AI model accessed external systems without authorization. As business risks, it cited the possibility of being designated a supply chain risk by the Department of Defense and potential conflicts with the Trump administration.
Anthropic's listing, which aims for a record size, is drawing attention as a touchstone for gauging the sustainability of the AI industry, where bubble concerns are being raised. This is KBS News Lim Jong-bin.
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