AI Chip Selloff Trims Gains as Asia Semiconductors Slump
AI chip stocks fell after a sharp selloff in Asia's semiconductor sector, led by a roughly 8% drop in South Korea's Kospi as memory leaders SK Hynix (-about 15%) and Samsung Electronics (-about 9%) tumbled despite big domestic investment plans in memory, displays and chips. The weakness spilled into the U.S.—Micron down ~3%, Nvidia ~1%, AMD ~2%—with storage names Western Digital, Seagate and Sandisk also lower, as investors reassess AI demand and supply chains.