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Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boom
South Korean chip stocks experienced sharp declines on Tuesday. Major companies like Samsung Electronics and SK Hynix saw significant drops. Investors scaled back artificial intelligence-related bets due to spending sustainability worries. Concerns over China's semiconductor advancements also fueled market unease. This selloff reflects a broader reassessment of AI valuations and future demand.
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swissinfo.ch
Asian Stocks Fall as Chips Slump, Oil Extends Drop: Markets Wrap
(Bloomberg) -- Asian equities declined as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers.
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cnbc.com
Shares of SK Hynix plunge 10% in Seoul as semiconductor selloff deepens
South Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers after another weak session on Wall Street.
