Chip stocks slide in US and Asia as AI jitters rattle investors

Chip stocks have experienced a significant decline in both the US and Asian markets, driven by investor concerns over the impact of artificial intelligence on the industry. The Kospi index in South Korea was particularly affected, with trading paused temporarily on Tuesday morning due to an 8% slump. Investors are growing increasingly cautious about the potential disruption AI could cause to the chip sector, leading to a sell-off of related stocks. The sudden downturn has raised concerns about the stability of the global tech market.

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