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Chip stocks slide in US and Asia as AI jitters rattle investors

bbc.com

July 29, 2026

3 min read

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45/100

Summary

Chip stocks have experienced a significant decline in the US and Asia, with major firms seeing sharp drops. South Korea's Kospi index was temporarily halted after an 8% drop, ultimately closing 10.8% lower, driven largely by declines in Samsung Electronics and SK Hynix, which fell over 13%.

Key Takeaways

Shares in major chip firms, including Samsung Electronics and SK Hynix, fell sharply, with the South Korean Kospi index dropping 10.8% after a temporary trading halt.
Nvidia's stock fell by 5%, allowing Apple to surpass it as the world's most valuable company.
Investors are concerned about the return on investment from AI spending, leading to a sell-off in AI-related stocks.
China's ChangXin Memory Technologies saw its shares soar nearly 470% upon debuting in Shanghai, planning to use IPO proceeds for production and R&D.

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Community Sentiment

Mixed

Positives

Some commenters are cautiously optimistic that the current sell-off might lead to a much-needed correction in the AI investment frenzy, allowing for a more measured approach to future developments.
There's hope that this slowdown will help industries adapt better and avoid the pitfalls of overhype, which could lead to smarter investments in AI technologies.

Concerns

The doomer discourse around AI and its investments is seen as overhyped, with concerns that the current bubble could burst, leaving many disappointed as reality sets in.
Investors are worried about the semiconductor shortage exacerbated by AI demand, leading to inflated prices that could hinder accessibility to essential components for AI development.
A general sentiment of frustration exists, with many tired of the constant AI chatter and rising costs of tech components, which are now making it hard to upgrade necessary hardware.