local
AI stocks slump again worldwide, while oil prices tick higher
By Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate)
· July 16, 2026
· 4 min read
Computer chipmakers and other winners of the artificial-intelligence boom are slumping again Thursday and weighing on stock markets worldwide. They're drowning out strength for most of the rest of Wall Street, leaving U.S. stock indexes close to flat. The S&P 500 was virtually unchanged, a day af...
Key takeaway The S&P 500 was virtually unchanged, a day after it pulled within 0.
Why this matters in The San Antonio
San Antonio 's economy, heavily reliant on the automotive and technology industries, may feel the ripple effects of the decline in Asian shares, particularly in the chipmaking sector. With major players like Samsung Electronics and SK Hynix experiencing significant drops, local businesses that rely on these companies for components may face supply chain disruptions. Additionally, the rise in oil prices due to the US-Iran tensions could lead to increased costs for San Antonio's thriving logistics and transportation sector, potentially impacting the city's overall economic growth. The announcement by Taiwan's TSMC to invest $100 billion in US computer chipmaking capacity could, however, bring new opportunities for San Antonio, which has been actively courting technology companies to set up shop in the city. As the situation unfolds, San Antonio business leaders will be watching closely to see how these global developments affect the local economy.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 16, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 4 min
Get more The San Antonio stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? Computer chipmakers and other winners of the artificial-intelligence boom are slumping again Thursday and weighing on stock markets worldwide. They're drowning out strength for most of the rest of Wall Street, leaving U.S. stock indexes close to flat. The S&P 500 was virtually unchanged, a day af...
When was this published? This article was first published on July 16, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter