WS #11223
South Korea's KOSPI trading halted after deep chip-driven losses, with Samsung and SK Hynix down >7%, as global semiconductor rout spreads from Wall Street on AI spending concerns. Meta surges ~9% on report it plans to enter the cloud AI infrastructure market, challenging AWS, Azure, and Google Cloud, with Jim Cramer calling the AI cloud business worth $100 per share. OpenAI reportedly proposes transferring a 5% equity stake (~$42.6B) to the US government to ease regulatory pressure, a high-significance development for AI regulation and tech stocks.
Global chip selloff: KOSPI sidecar triggered
South Korea's KOSPI trading halted after deep chip-driven losses, with Samsung and SK Hynix down >7%, as global semiconductor rout spreads from Wall Street on AI spending concerns.
Meta surges ~9% on report it plans to enter the cloud AI infrastructure market, challenging AWS, Azure, and Google Cloud, with Jim Cramer calling the AI cloud business worth $100 per share.
OpenAI reportedly proposes transferring a 5% equity stake (~$42.6B) to the US government to ease regulatory pressure, a high-significance development for AI regulation and tech stocks.