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Chip stocks plunge in US and Asia as AI investment doubts rattle markets
Shares in major chip firms fell sharply in the US and Asia as a sell-off in AI-related stocks deepened. South Korea's Kospi was temporarily halted after sliding 8%, with Samsung and SK Hynix down over 10%. Nvidia lost its position as the world's most valuable company to Apple, and analysts are questioning whether AI investments can become profitable.
Jul 28, 2026 1 source