Tech Down as Flight From AI Continued - Tech Roundup

Shares of technology companies fell as a flight from artificial-intelligence bets continued.

The PHLX "SOX" Semiconductor Sector index fell by more than 5%, but remains up more than twofold from 12 months ago.

Shares of SanDisk fell by more than 13%, as the maker of flash memory chips registered its largest two-day loss in more than a year.

Micron shares fell by more than 6% but are still up by more than threefold for the year to date.

Another index closely tied to the bonanza in chip sales to AI companies is the Kospi, in Korea, where memory-chip makers Samsung and SK Hynix are prominent components. The index fell almost 8% Thursday.