Chip stocks fall sharply on AI financing fears
Samsung Electronics shares fell as much as 13.4% and SK Hynix dropped up to 14% on Tuesday as Asian chip stocks slid. South Korea's Kospi index dropped 9.4%, and Nvidia itself fell nearly 5% in New York trading as the sell-off spread. Investors pointed to a Wall Street Journal report on a possible $250bn Nvidia backing for OpenAI and rising Chinese chip competition.
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