CHIP STOCK SELLOFF DEEPENS IN ASIA , EXTENDS TO EUROPE AND US

What happened: A global chip stock selloff deepened, starting in Asia and spreading to Europe and the US, after a hotter US inflation reading raised rate hike expectations and AI debt worries. Key numbers: Nasdaq fell 0.8%, S&P 500 0.3%. Nvidia NVDA -2.6%, Micron MU -3.2%, Marvell MRVL -5%, ASML -6.5%, STMicroelectronics STMPA -7%. Kospi -7.6%, circuit breaker triggered. Why it matters: Even strong TSMC and ASML results failed to shield chip stocks from sector-wide jitters, with analysts citing fears that tech firms are relying too heavily on debt to fund AI expansion.

Chip stock selloff deepens across Asia, Europe, and US markets.

Chip stock selloff deepens across Asia, Europe, and US markets. — impact context not separately stored; see What changed.