{"id":714780,"date":"2026-07-28T05:18:07","date_gmt":"2026-07-28T05:18:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/714780\/"},"modified":"2026-07-28T05:18:07","modified_gmt":"2026-07-28T05:18:07","slug":"chip-stocks-slide-in-us-and-asia-as-ai-jitters-rattle-investors","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/714780\/","title":{"rendered":"Chip stocks slide in US and Asia as AI jitters rattle investors"},"content":{"rendered":"

Shares in major chip firms have fallen sharply in the US and Asia as a sell-off in artificial intelligence-related stocks deepened.<\/p>\n

Trading on South Korea’s benchmark Kospi index was paused temporarily on Tuesday morning after sliding by 8%. It fell further after the 20-minute halt was lifted to trade around 10% lower.<\/p>\n

The slump was led by technology firms, with Samsung Electronics and SK Hynix both falling by about 12%.<\/p>\n

It comes after AI chip giant Nvidia fell by 5% in New York on Monday, meaning it lost its position as the world’s most valuable listed company to Apple.<\/p>\n

The tech-heavy Kospi has been halted eight times so far this year under a stock market mechanism known as a circuit breaker, which is designed to calm panic selling.<\/p>\n

The index had more than doubled from the start of the year to mid-June but has since lost around a third of its value.<\/p>\n

In recent months, stock market trading has been particularly volatile in South Korea as it has attracted large numbers of retail investors.<\/p>\n

On Monday, US-listed shares in SK Hynix fell by 7.5% to well below the $149 (\u00a3112.11) offer price when it made a record-breaking debut on the Nasdaq<\/a> on 9 July.<\/p>\n

Japan’s Nikkei 225, which is also dominated by tech companies, was almost 3.8% lower on Tuesday morning.<\/p>\n

Nvidia shares fell on Monday after the Wall Street Journal reported that it is in talks to provide around $250bn for OpenAI as part of a massive data-centre project.<\/p>\n

The BBC has contacted Nvidia and OpenAI for comment.<\/p>\n

The decline allowed Apple to overtake Nvidia as the world’s most valuable company after the iPhone maker rose by about 25% this year.<\/p>\n

As governments and companies spend hundreds of billions of dollars on developing AI capabilities, some analysts have questioned whether the technology can become profitable enough to recoup such huge investments.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares in major chip firms have fallen sharply in the US and Asia as a sell-off in artificial…\n","protected":false},"author":2,"featured_media":714781,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-714780","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/714780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=714780"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/714780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/714781"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=714780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=714780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=714780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}