The AI sell-off is intensifying: investors are abandoning chip stocks; Samsung and SK Hynix are in decline.
Sharp sell-offs are intensifying in the stock market related to the Artificial Intelligence (AI) sector, leading investors to massively divest from the shares of chip manufacturing companies. This trend is having a significant impact on global financial markets.
South Korea's two major technology giants – Samsung and SK Hynix – recorded a decline of more than 10 percent in their shares. These companies hold an important position in the global chip market, and the fall in their shares reflects a general lack of confidence in the sector.
These sharp changes in the markets are caused by concerns related to spending on artificial intelligence, as well as the intensification of China's competition in the chip industry. Investors are feeling uncertainties regarding future revenues and market shares.
The sharp fall in stock prices also caused an automatic trading halt (circuit breaker) on South Korea's KOSPI index, which indicates the seriousness of the situation in the markets. This information was published by The Guardian.