Semiconductor stocks experienced significant declines across global markets, with major chipmakers including Micron and Nvidia falling in premarket trading. The sell-off was led by SK Hynix, which plunged nearly 15%, extending losses that have accumulated in the sector over recent weeks.
The broad weakness in chip stocks represents the latest episode in what market observers describe as monthslong volatility affecting the semiconductor and memory chip sectors. The decline in premarket trading on Tuesday followed another weak session for technology stocks on Wall Street, indicating sustained investor concerns across the sector.
The sell-off has been attributed to ongoing uncertainty surrounding artificial intelligence, memory, and chip stocks more broadly. The Nasdaq-100 index, which is heavily weighted toward technology companies, entered correction territory amid the broader market movement in these key sectors.
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