Technology stocks decline as chipmakers lead global selloff, erasing $1.3 trillion in value

Nasdaq declines for second day with companies such as Nvidia under pressure

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index opened 2% lower on Tuesday. The Dow and S&P 500 were also down at opening. Continue reading...

Chipmakers led the way down in South Korea, where the main index plunged 10.5 percent. The Nasdaq in the U.S. was down 2.2 percent at Tuesday’s open.

The resurgence of CPUs in AI inference tasks could reshape the semiconductor landscape, challenging Nvidia's dominance and impacting market dynamics. The post Chipmakers renew performance tussle as CPUs challenge Nvidia’s dominance appeared first on Crypto Briefing.

Marvell's strategic hire signals a shift in investor focus towards AI hardware, highlighting potential growth in semiconductor-driven innovation. The post Marvell hires Adobe CFO Dan Durn as Wall Street pivots toward chipmakers appeared first on Crypto Briefing.

Broadcom's forecast miss highlights market sensitivity to AI growth expectations, potentially leading to cautious investor sentiment in the sector. The post Philadelphia Semiconductor Index falls 2% as Broadcom’s forecast weighs on chipmakers appeared first on Crypto Briefing.

Exchanges in Taiwan and South Korea have overtaken India’s in the past week as the two countries’ chipmakers surge

South Korea’s Kospi stock market has hit record highs thanks to AI, but experts urge caution over boom-bust cycles and a heavy reliance on two chipmakers South Korea has leapfrogged India to become the world’s sixth largest share market, leaving equity markets in the UK, Germany and France trailing in its dust. But despite the runaway success, some are raising concerns that the Kospi index is too dependent on two freshly minted trillion-dollar chipmaking companies. Chip company SK Hynix last week claimed a seat in Asia’s trillion-dollar company club, alongside South Korean compatriot Samsung Electronics and Taiwan’s TSMC. Explosive demand for chips used in AI has propelled the trio past the valuation threshold. Continue reading...