Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes.

(Bloomberg) -- Asian stocks fell after a selloff in US chipmakers reignited concerns that the artificial intelligence-driven rally has outpaced fundamentals.

Asian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also surfaced over Apple's potential chip…