A SK Hynix production slowdown report triggered a global chipmaker selloff, dropping the Nasdaq 100 nearly 3% and pushing Bitcoin toward $63K.

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.

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