Technology · 28 July 2026
Chip stocks fall sharply on AI financing fears
Photo by BoliviaInteligente on Unsplash
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.
Reported by Reuters · How we write briefs