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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boom

SK Hynix Samsung Semiconductor China Nvidia Memory

South Korean semiconductor stocks tumbled on Tuesday, with major chipmakers Samsung Electronics and SK Hynix witnessing sharp declines as investors scaled back artificial intelligence-related bets amid growing concerns over the sustainability of AI infrastructure spending and rising competition from China, Reuters reported.

Samsung Electronics shares fell as much as 9.5%, while SK Hynix dropped as much as 10.9%. The broader benchmark KOSPI was trading 7.3% lower as of 0032 GMT, reflecting a broad-based selloff across the technology sector.

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