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Asian tech stocks fall as SK Hynix plunges after Wall Street weakness
SK Hynix dropped more than 10% as investors reacted to the pullback in AI-linked stocks in the US, but J.P. Morgan said the AI investment cycle remains intact.
Asian technology stocks fell as SK Hynix sank more than 10% following a sell-off in US AI-related names, according to CNBC.
The broader market move reflected heightened volatility, with investors weighing the impact of the Wall Street pullback on global chip sentiment.
Despite the sharp decline in Asian tech shares, analysts cited by CNBC said the tech sell-off has not derailed the outlook for the AI investment cycle.
J.P. Morgan’s view, as summarized by CNBC, pointed to continued optimism around AI spending even as share prices moved lower.