techSource: CNBCPublished
Chip Stocks Suffer Heavy Losses Amid Weakness in Asia and Europe
tech · CNBCChip stocks, including AMD, Micron, and Nvidia, have extended their losses as the sector faces a rout in Asia and Europe. The sell-off is attributed to weak sessions on Wall Street and a bout of heavy selling in Asia.
At a glance
- South Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers.
- Nvidia, AMD, and Micron sank, with memory names Seagate, Sandisk, and Western Digital getting routed.
- The sell-off followed a bout of heavy selling in Asia, with SK Hynix closing 14.65% lower and Samsung Electronics losing more than 13%.