WS #11215
Meta's plan to sell computing power triggers fears of AI capacity glut, causing a broad selloff in chip stocks globally, with Samsung and SK Hynix down over 7% and Nasdaq futures weak. Apple is lobbying the US government to buy memory chips from Chinese suppliers CXMT and YMTC, signaling severe memory chip shortages that have forced price hikes across its product line.
Global Tech Selloff Intensifies on AI Capacity Fears
Meta's plan to sell computing power triggers fears of AI capacity glut, causing a broad selloff in chip stocks globally, with Samsung and SK Hynix down over 7% and Nasdaq futures weak.
Apple is lobbying the US government to buy memory chips from Chinese suppliers CXMT and YMTC, signaling severe memory chip shortages that have forced price hikes across its product line.