Technology stocks experienced a significant downturn, pulling major indices lower as a sharp selloff in Korean chipmakers raised concerns about the sustainability of the AI-driven market surge. Nvidia and Micron were among the biggest decliners. This dip, triggered by reports of SK Hynix slowing AI chip expansion, has investors reassessing valuations and demand for AI infrastructure, prompting a cautious approach despite underlying optimism for a swift recovery.
Technology stocks faced a significant downturn, pulling major global indices lower. A sharp selloff in Korean chipmakers, particularly due to SK Hynix slowing AI chip expansion, raised concerns about the AI-driven market surge. This led to declines in Nvidia and Micron,…
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