Sell-Off on Seoul Stock Exchange Drags Down Memory Chip Shares
An overnight selling wave on the Seoul Kospi index triggered concerns that AI data center spending has peaked, leading to declines in shares of SK Hynix, SanDisk, and Micron.
After-hours selling on Seoul's Kospi index spearheaded declines in Asian markets, reigniting concerns that artificial intelligence data center investments have reached their peak.
A broad selling wave on the Seoul stock exchange caused memory chip shares to decline, reversing recent recoveries in US-traded shares. This movement highlighted market sensitivity regarding the sustainability of artificial intelligence capital expenditures.
As a result of these developments, SK Hynix shares dropped by 4 percent to $137.03, while SanDisk shares lost 3 percent to fall to $1,336.86. Meanwhile, Micron Technology shares traded down 2 percent at the 886.64 level.
Sources
- finance.yahoo.com · Link