AI Stocks Plunge as Chip Demand Fears Drive Kospi Down 10% and Nasdaq 100 Off 3.3%
Updated
Updated · Bloomberg · Jun 26
AI Stocks Plunge as Chip Demand Fears Drive Kospi Down 10% and Nasdaq 100 Off 3.3%
3 articles · Updated · Bloomberg · Jun 26
Summary
South Korea’s Kospi tumbled 10% and the Nasdaq 100 dropped 3.3% as a fresh selloff in AI-linked shares spread from Seoul to New York.
Chip-demand worries triggered Tuesday’s slide, compounding extreme investor positioning and rate fears that had already shaken the sector two weeks earlier.
The Kospi was hit especially hard because it houses major chipmakers SK Hynix and Samsung Electronics, while the Nasdaq 100 logged its second-worst session of the year.
The rout suggests the AI trade remains intact but is no longer lifting all related stocks in a straight line, pointing to a more volatile phase for the sector.