Chip Stocks Lose Over $1 Trillion Amid AI Selloff Led By SK Hynix And Samsung
Macro·4 articles across 4 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Chip stocks have shed more than $1 trillion as the selloff intensifies, primarily affecting companies like Nvidia, SK Hynix, and Samsung Electronics. The South Korean stock market has hit a three-month low, with SK Hynix and Samsung falling by more than 10% amid renewed fears over AI spending and competition from China.
The Kospi stock index has experienced a significant decline, falling over 32% in just the last month. Despite SK Hynix reporting strong sales and profits, investor jitters remain high, contributing to the ongoing selloff in the chip sector.
NvidiaSK HynixSamsung
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Nvidia, SK Hynix and Samsung Electronics have led the selloff since market close on Friday.”
CNBC — Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom“Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition”
The Guardian — South Korean stock market at three-month low as AI sell-off intensifies“Wednesday brought further evidence with South Korea’s Kospi (Korea Composite Stock Price Index) falling another 6%.”
fast company — South Korea’s Kospi stock index is falling: Why AI chipmakers SK Hynix and Samsung are facing investor jitters“SK Hynix, a leading memory chipmaker, reported stratospheric sales and profits on Wednesday.”
ny times — South Korea’s Memory Chip Giant Defies A.I. Market Jitters“South Korean stocks plunge, erasing AI rally gains as chip selloff deepens”
nikkei asia — South Korean stocks plunge, erasing AI rally gains as chip selloff deepens
Earlier versions
- Jul 28, 1:31 PM — South Korea's KOSPI Drops Over 11% Amid AI Chip Sell-Off (4/4)
- Jul 28, 4:23 PM — Nasdaq 100 Enters Correction as AI Sell-Off Deepens with 10% Loss (5/5)
- Jul 28, 8:15 PM — Chip Stocks Plunge as AI Sell-Off Deepens; Nvidia Falls 16% (5/5)
- Jul 28, 8:15 PM — Nasdaq 100 Nears Correction as Semiconductor Stocks Plunge Amid AI Concerns (5/5)
- Jul 29, 2:52 AM — Chip Stocks Plunge as AI Sell-Off Deepens, Nvidia Falls 16% (3/3)