Chipmakers
KOSPI fell by 5.28% amid chipmakers stock sell-off
Shares of Samsung Electronics and SK Hynix dropped by 7.57% and 9.46% respectively in a single day. The decline also affected the markets in Taiwan and Japan. Traders are assessing the demand prospects for semiconductors, the return on investments in AI, and potential restrictions on data center construction in the U.S.
Bitmine Increased Its Assets in Ethereum to $15.1 Billion
Bitmine acquired 12,535 ETH and increased its assets in Ethereum to 6,041,481 ETH.
US Chipmakers Market Lost $2 Trillion
US chipmakers have lost $2 trillion since 2008. Funds remain under pressure amid market uncertainty.
Chipmaker Stocks Decline Amid Slowdown in AI Race
Amid recent developments regarding crypto regulation in the U.S., chip manufacturers' stocks experienced a significant drop.