AI Boom Doubt: Samsung, SK Hynix Shares Plunge 7-10%
Part of composite article AI Selloff Wipes 10% Off Samsung as Korea Halts Trading View full article →
A sharp sell-off in Asian memory chip stocks this week signals growing investor doubts over whether the sector's AI-driven profit boom can last. The decline comes even as soaring prices drive strong quarterly earnings across the industry.
Market leaders Samsung Electronics and SK Hynix plunged in Seoul on Tuesday, extending a days-long slide. Chinese rival ChangXin Memory Technologies (CXMT) also fell.
Samsung closed down 7.4 per cent. SK Hynix dropped 10.1 per cent.