Korea Slides 10%, Nasdaq Futures Down 2.7% as Chip Stocks Sink Worldwide
Global semiconductor stocks plunged, wiping over $1 trillion from the Nasdaq 100’s market value in premarket trade as investors questioned whether massive AI infrastructure spending by tech giants can deliver returns, with SK Hynix and Samsung Electronics each losing over 12% and Micron set to report results that could further sway memory shares.