Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competition
The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.
Investors continued to ditch chip stocks on Tuesday, amid rising concerns about the huge amount of borrowing among AI companies to fund their datacentre expansion plans.
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This article was originally published by The Guardian and written by Lauren Almeida and Graeme Wearden.
Read original article on The Guardian