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CHIP SELLOFF
Explained: 3 reasons why South Korea's Kospi crashed 6% todaySouth Korea's Kospi index experienced a significant decline of over six percent on Thursday. This downturn followed the Bank of Korea's fir...
'We faltered, did not move quickly:' How IBM CEO Arvind Krishna's statement led to $70 billion wipeoutIBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 bill...
Explained: Why SK Hynix ADR premiums soared 50% over South Korean shares and how this reminds market of dotcom bubbleSK Hynix’s ADRs are trading at a more than 50% premium to their South Korea-listed shares just days after their Nasdaq debut, raising compa...
Explained: Why South Korea's Kospi jumped 7% despite escalating Middle East tensionsSouth Korea's benchmark Kospi surged 7% on Wednesday, extending its rally for a second session as softer-than-expected US inflation data an...
Why SanDisk stock plunged despite Wall Street's bullish outlookSanDisk shares tumbled over 12% amid profit-booking and weakness in semiconductor stocks. Despite the decline, analysts remain bullish, cit...
South Korea's Kospi crashes 5% again, plunges 31% in one month. Is the AI frenzy over?South Korea's Kospi plunged 5% on Tuesday, extending its two-day decline to nearly 14% and taking the index into bear market territory. The...
Global Market: AI stocks take a breather after blistering rally as investors reassess valuationsAI-linked stocks are showing signs of fatigue as investors lock in profits. Semiconductor and memory-chip makers have seen sharp retreats f...
Sensex sinks 1,680 points; Nifty closes below 23,900. 5 key factors behind today’s market mayhemSensex Nifty Crash: Indian stock markets experienced a significant downturn on Wednesday afternoon. Rising crude oil prices and geopolitica...
Kospi enters bear market! What South Korea’s finance minister said after 20% crashSouth Korea’s Kospi entered bear market territory after falling over 20% from its June peak, dragged down by a sharp selloff in semiconduct...
Global Market: Samsung, SK Hynix rebound as bargain buying offsets AI chip selloff fearsShares of Samsung Electronics and SK Hynix rebounded after an early sell-off as investors bought into the dip, supported by expectations of...
South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fa...
US stocks today: S&P 500, Nasdaq end lower as AI worries hit chipmakersU.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. Losses in Micron and other semicond...
SanDisk shares crash 10% as AI chip selloff spreads to memory stocksSanDisk share crash why, chip stocks falling today, AI rally over or not, Micron Intel share fall reason, memory stocks crash news, Samsung...
Micron, Intel shares crash up to 8% as Samsung fails to calm concerns over AIGlobal semiconductor stocks fell sharply as Micron and Intel dropped up to 8%, tracking weakness in Asian peers despite strong Samsung earn...
Kospi plunges 8% as AI investors fear rally is overblown; trading halted for 20 minsSouth Korea's Kospi index experienced a significant 8% drop, led by chip stocks. Investors questioned the sustainability of record earnings...
Japan's Nikkei falls as Samsung-led chip selloff weighs on regional tech stocksJapan's Nikkei index fell as semiconductor stocks declined, mirroring Samsung's drop. High-flying memory maker Kioxia shares experienced a ...
SK Hynix to spend $64 billion on chip plants under broader AI-driven investment planSK Hynix is investing a massive 100 trillion won ($64.38 billion) to build new chip plants, including a NAND flash memory facility, in Cheo...