Chip stocks declined as AI spending concerns, SK Hynix's sharp fall and profit booking hit Nvidia, AMD, Micron and other semiconductor shares.

Micron shares fell 6% after SK Hynix posted a profit forecast 8% below consensus, triggering a record 15% plunge in SK Hynix and broad semiconductor

Chip stocks declined as AI spending concerns, SK Hynix's sharp fall and profit booking hit Nvidia, AMD, Micron and other semiconductor shares.

Shares of technology companies slid as fears about the sustainability of an artificial-intelligence boom intensified after an unprecedented plunge for Korean memory-chip maker SK…

AI chip stocks lost over $1 trillion in market value in July 2026 as custom silicon from OpenAI, Amazon, and Cerebras challenges Nvidia's GPU dominance.

The Dow, S&P 500, and Nasdaq posted gains in the final trading hour on July 13 despite a semiconductor selloff triggered by SK Hynix's sharp decline.

SK Hynix and Samsung plunged 12% as Asia's semiconductor selloff triggered a KOSPI circuit breaker. Bitcoin showed resilience amid the AI stock carnage.