Global semiconductor stocks fell sharply as investors questioned AI spending and faced rising competition from China. OpenAI's annualized revenue run-rate reached $50 billion, below the $70 billion expected. Micron, ASML, SoftBank, SK Hynix, Samsung, and TSMC all declined, with Asian markets seeing steeper losses.
Global AI Chip Stocks Slide on Spending, China Competition Fears
Source: WION