Last night, the U.S. chip stocks plummeted: Nvidia fell 5%, losing its crown as the world’s most valuable company by market capitalization. SK hynix plunged more than 7.4%, while ASML declined over 5.8%. The panic extended into today. SK hynix and Samsung Electronics both fell more than 13%, while South Korea’s KOSPI index triggered circuit breakers multiple times. Meanwhile, NAND flash memory leader Kioxia plunged 17%, crashing nearly 60% from its recent all-time high. In Hong Kong stocks, AI large-model leader Zhipu dropped 16% today, falling from its record high of HK$2,980 to HK$1,070 in just over a month, representing a decline of approximately 64%. $Z.AI(02513)$ This sharp decline appears difficult to explain as a normal mar
Decline in Major Chip Stocks Including Intel and Micron Amid Market and Geopolitical Concerns
Major chip stocks such as Intel and Micron are experiencing declines despite the broader tech sector holding steady. This downturn is attributed to multiple factors including developments in Chinese memory technology, weakness in the Korean stock market, and Intel's struggle to maintain gains following earnings reports. There is no single clear catalyst, but a combination of market and geopolitical influences is impacting investor sentiment.