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Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix falls 10%+ on the KRX, while Samsung drops ~10%

Nvidia, Micron and AMD were all down in premarket trading on Thursday, as AI stocks across the globe continued a plummet that's seen …

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Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix falls 10%+ on the KRX, while Samsung drops ~10%

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CNBC — Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix falls 10%+ on the KRX, while Samsung drops ~10% ↗

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Financial Times: A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix down 9.2%, and Micron 4%

Reuters: AI-connected Asian stocks fall sharply following US tech leaders' call for pacing AI development, with SoftBank, Kioxia, SK Hynix, Minimax, and Z.ai down 5%+

Financial Times: South Korea's Kospi was the world's worst-performing stock market in Q3, down 18.8% due to Samsung and SK Hynix sell-offs in early Q3, but remains up 60% YTD

Bloomberg: Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending

CNBC: CoreWeave closed down 15.5% as yields on its bonds near 15% amid concern over tech companies' heavy AI borrowing; Oracle dropped 8.8%, Nebius 10%, Dell 11.3%

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