Global chip stocks drop 13% in July, marking worst month since 2022

Global chip stocks drop 13% in July, marking worst month since 2022

Semiconductor stocks plunged 13% in July (worst since 2022), with SK Hynix down 15%, erasing $1–3.3 trillion in market cap. The selloff follows AI capex boom; investors now doubt chip prices and volumes sustain current multiples, raising risk to hyperscaler spending plans.