September S&P 500 E-Mini futures (ESU26) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.94% this morning, pointing to a lower open on Wall Street as chipmakers came under renewed selling pressure following a selloff in their South Korean peers.
Memory chip stocks tumbled in South Korea, sparking a selloff in AI-related stocks around the world. SK Hynix plummeted over -15% in Seoul, marking its steepest drop on record, as its historic U.S. trading debut on Friday triggered a "sell the news" reaction and profit-taking. SK Hynix's slump weighed on fellow memory giant Samsung Electronics, which sank more than -10%. U.S. chip and AI infrastructure stocks looked set to join the global selloff, with Sandisk (SNDK) falling over -6% and Micron Technology (MU) dropping more than -5% in pre-market trading. SK Hynix's ADRs were down over -9% in pre-market trading.
Taiwan Just Waved a Red Flag for Nvidia Stock
Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here.
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Memory chip stocks tumbled in South Korea, sparking a selloff in AI-related stocks around the world. SK Hynix plummeted over -15% in Seoul, marking its steepest drop on record, as its historic U.S. trading debut on Friday triggered a "sell the news" reaction and profit-taking. SK Hynix's slump weighed on fellow memory giant Samsung Electronics, which sank more than -10%. U.S. chip and AI infrastructure stocks looked set to join the global selloff, with Sandisk (SNDK) falling over -6% and Micron Technology (MU) dropping more than -5% in pre-market trading. SK Hynix's ADRs were down over -9% in pre-market trading.
Taiwan Just Waved a Red Flag for Nvidia Stock
Taiwan Semi Stock Is Approaching Fair Value Ahead of July 16. How to Play TSM Here.
Forget GPUs. Nvidia's Next AI Gold Mine Could Be Even Bigger.
4 months ago
