WS #11216
Meta's plan to sell computing power triggers a sharp rout in Asian chip stocks, with Samsung and SK Hynix falling over 7% and 9%, dragging the Kospi down nearly 6%. Apple is in negotiations to purchase memory chips from Chinese suppliers CXMT and YMTC, indicating severe shortages that have forced price hikes, contradicting the broader tech bearishness.
Global Tech Selloff on AI Oversupply Fears
Meta's plan to sell computing power triggers a sharp rout in Asian chip stocks, with Samsung and SK Hynix falling over 7% and 9%, dragging the Kospi down nearly 6%.
Apple is in negotiations to purchase memory chips from Chinese suppliers CXMT and YMTC, indicating severe shortages that have forced price hikes, contradicting the broader tech bearishness.