# Chip Stocks Suffer Heavy Losses Amid Weakness in Asia and Europe

- Topic: tech
- Source: CNBC
- Published: 2026-07-28
- Original: https://www.cnbc.com/2026/07/28/sk-hynix-plunges-semiconductor-selloff-deepens-samsung-softbank.html
- Language: en
- Image: https://image.cnbcfm.com/api/v1/image/108314498-1780317990187-gettyimages-2278514474-TAIWAN_COMPUTEX.jpeg?v=1780318027&w=1920&h=1080

Chip 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.

## Key takeaways

- 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%.

> Summary by Daily Read Bytes. Read the original at https://www.cnbc.com/2026/07/28/sk-hynix-plunges-semiconductor-selloff-deepens-samsung-softbank.html