Chip and tech stocks across Asia opened sharply lower Wednesday morning, following a steep plunge in Nvidia's share price in the U.S. overnight.
Asia's semiconductor and associated stocks slipped Wednesday morning, following a steep plunge in Nvidia's share price in the U.S. overnight.. Economic data published Tuesday resurfaced jitters about the health of the U.S. economy. Nvidia shares continued sliding in post-market trading Tuesday, falling 2%, after
Nvidia's value chain extends to South Korea, namely, memory chip maker SK Hynix and conglomerate Samsung Electronics. Samsung shares slid 2.6%, while SK Hynix fell more than 6%, dragging the wider Kospi index down 2.5%. The small-cap Kosdaq fell 3%. SK Hynixdeclined 4.3%. TSMC manufactures Nvidia's high-performance graphics processing units which power large language models — machine learning programs that can recognize and generate text.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
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