AI Chip Stocks Fall After Asia Selloff
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AI Chip Stocks Fall After Asia Selloff Moz Farooque ACCA Thu, July 2, 2026 at 12:10 PM EDT 1 min read HXSCL This article first appeared on GuruFocus . AI and memory-related stocks traded lower Thursday after a sharp selloff in Asian semiconductor shares rattled investors. South Korea's Kospi Index dropped nearly 8%, weighed heavily by steep declines in memory giants SK Hynix ( HXSCL ) and Samsung Electronics ( SSNLF ). SK Hynix plunged almost 15%, while Samsung fell about 9%, despite both companies unveiling massive domestic investment plans tied to semiconductors and AI. Warning! GuruFocus has detected 6 Warning Sign with HXSCL. Is HXSCL fairly valued? Test your thesis with our free DCF calculator. SK Hynix said it plans to invest 100 trillion won, or roughly $64B, in new memory and packaging facilities. Samsung separately outlined plans to invest 140 trillion won, or about $90B, in displays, batteries and semiconductors in South Korea's Chungcheong region. The weakness spilled into U.S. chip stocks. Micron ( NASDAQ:MU ) fell nearly 3% premarket, while Nvidia ( NASDAQ:NVDA ) slipped about 1% and AMD ( NASDAQ:AMD ) lost roughly 2%. Storage names Western Digital ( NASDAQ:WDC ), Seagate ( NASDAQ:STX ) and Sandisk ( NASDAQ:SNDK ) also traded lower.
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