AI Chip Sell-Off Deepens: Micron, SK Hynix Slump
TL;DR Summary
Semiconductor stocks tumbled as an AI-chip sell-off deepened, led by Micron and SK Hynix down more than 5% in the US (with SK hynix also plunging over 14% in Korea), while Nvidia and AMD also fell. Other chipmakers such as Broadcom, Intel, Marvell, and Qualcomm declined as investors weigh the payoff from AI infrastructure spending and potential rate moves, contributing to a broad tech-stock pullback and a weaker SOX.
- Micron, SK Hynix stocks sink as AI chip sell-off deepens Yahoo Finance
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- GSK invests £400m to move research centre to Cambridge as Burnham praises ‘vote of confidence’ in UK - business live The Guardian
- CNBC Daily Open: Chipping away at the AI boom CNBC
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