Chip stocks decline: Why Nvidia, AMD, Micron and SK Hynix shares are falling

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There is a very serious drop in the prices of some large-cap tech stocks on the US stock exchanges: Dell, Sandisk and Micron are also being hit, and we can see losses of around 10%.

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Chip stocks dragged Wall Street lower on Monday as an artificial intelligence (AI)-fueled slump in South Korea spilled over to the United States.

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South Korean manufacturer's collapse spreads to Micron, SanDisk and Western Digital while investors question assessments built on almost perfect growth