WS #11604
Memory chip stocks fall on AI spending concerns and DeepSeek developing its own AI chip, reducing reliance on Nvidia; Samsung down 10%, Micron eyes 10% drop. JPMorgan raises Apple price target to $345 citing resilience despite price hikes; Apple at fresh high, countering the broader tech selloff. SK Hynix plans ~$28B ADR listing on Nasdaq, the largest ever, signaling strong demand for memory chips and AI-related hardware.
AI/semiconductor selloff and DeepSeek chip development
Memory chip stocks fall on AI spending concerns and DeepSeek developing its own AI chip, reducing reliance on Nvidia; Samsung down 10%, Micron eyes 10% drop.
JPMorgan raises Apple price target to $345 citing resilience despite price hikes; Apple at fresh high, countering the broader tech selloff.
SK Hynix plans ~$28B ADR listing on Nasdaq, the largest ever, signaling strong demand for memory chips and AI-related hardware.