AIFinancial Times1h ago
A global chip stock sell-off deepens
A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix 9.2%, and Micron 4%
TL;DRChip stocks plunged after Broadcom's CEO warned AI investment resembles gambling.
Why it matters: Market volatility signals investor doubt about AI spending sustainability and chip demand forecasts.
Declines for Samsung and SK Hynix drag Kospi sharply lower as investors fret over scale of AI investment
Read full articleSource: Financial Times · Opens in new tab