Asian Chip Stocks Drop As SK Hynix Earnings Disappoint
Headline from Forbes
South Korea’s benchmark KOSPI index plunged sharply for a second day in a row, prompting a trading halt, as key chip stocks were hit by another sell-off.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Shares in major U.S. chip and memory companies, including Micron, Sandisk, and Intel, are sinking this morning in premarket trading after the stock prices of similar companies in Asia got hammered hard. Here’s what you need to know—and what’s behind the current fall in chip stocks.
Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition Business live – latest updates The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.
Drop comes after South Korean company SK Hynix’s results undershoot investors’ expectations Business live – latest updates Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a …
South Korea’s benchmark KOSPI index plunged sharply for a second day in a row, prompting a trading halt, as key chip stocks were hit by another sell-off.
The AI trade just ran into one of its biggest reality checks yet. More than $1.3 trillion in market value vanished from the world’s largest semiconductor companies in just a few trading sessions as investors pulled back from one of […] The post AI Chip Stocks Lose $1.
