Micron, Broadcom and ASML Shares Fall as Chip Stock Sell-Off Spreads Worldwide

TLDR Tech stocks fell Tuesday as a chip sell-off spread from Wall Street to Asia and Europe. SK Hynix dropped more than 10%, Samsung lost 7.4% and SoftBank sank 8.5%. China’s CXMT reported progress on a new memory chip design. Intel and Broadcom CEOs warned that access to capital could slow the AI boom. Bank earnings and U.S. inflation data are next on the calendar. Technology stocks fell on Tuesday as a sell-off in chip shares spread from Wall Street to Asia and Europe. The drop followed worries about artificial intelligence financing and rising competition.

Source: CoinCentral