The New York Times AI·
Chipmakers led the way down in South Korea, where the main index plunged 10.5 percent. The Nasdaq in the U.S. was down 2.2 percent at Tuesday’s open.
Read full articleU.S. markets turned lower Tuesday as a semiconductor-led selloff, hawkish Federal Reserve signals, and softer digital assets overwhelmed earlier relief from Middle East diplomacy. At 10:48 a.m. Eastern time on Tuesday, June 23, 2026, the Nasdaq Composite stood at 25,766.67, down 399 points, while the S&P 500 was at 7,413.96, off 58.83 points. The NYSE […]
Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index opened 2% lower on Tuesday. The Dow and S&P 500 were also down at opening. Continue reading...
The AI-powered bull run in global stock markets was challenged this morning with major price corrections across the board.
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In South Korea, the AI frenzy has sent the value of the country's top chipmakers skyrocketing. Korea's Samsung Electronics and its chief rival SK Hynix have been trading places as the world's most valuable producer of memory chips. Following some strident union organizing at the firms, their workers have become some of the country's highest-paid - with some performance bonuses at Samsung's chip unit set to top 400,000 dollars this year. That has not only made jobs at the companies highly sought-after: it's also made their employees highly sought-after as marriage prospects.
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Bitcoin analysis warned of "new lows" as Asia markets dropped up to 10% and BTC price action dipped below $62,000 for the first time in nearly two weeks.
The selloff highlights the volatility in tech markets, emphasizing the risks of high valuations and the impact of macroeconomic factors on growth stocks. The post Technology stocks decline as chipmakers lead global selloff, erasing $1.3 trillion in value appeared first on Crypto Briefing.
