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The sell-off in tech stocks resurges, with European chip stocks following Asian markets lower
2 day ago /
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Author：小编
On June 26, shares of European semiconductor companies declined alongside their Asian counterparts, driven by investors selling off artificial intelligence-related stocks. Despite Micron Technology's announcement of strong earnings and an optimistic outlook after market close on Wednesday, it failed to bolster AI-related stocks on Thursday. On Friday, shares of South Korean memory chip maker SK Hynix fell by 8.4%, while TSMC dropped by 2.1%. In European markets, shares of Dutch semiconductor equipment manufacturer ASML fell by 0.9%, ASM International declined by 3.3%, Germany's Infineon Technologies dropped by 2.9%, and STMicroelectronics fell by 2.5%. Meanwhile, E-mini Nasdaq 100 index futures declined by 0.8%.
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