Whipsaw moves in chip stocks are front and center again this morning, with artificial intelligence stocks sliding in the U.S. and steep drops in SK Hynix and Samsung sending South Korea’s Kospi index more than 6% lower.
Taiwan Semiconductor Manufacturing posted its fifth straight quarter of record earnings earlier today, but that wasn’t enough to lift investors’ moods. The Nasdaq slipped, with Sandisk, Western Digital WDC -11.16%decrease; down pointing triangle and Marvell among the biggest losers.
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