Tech rout intensifies as selloff grips global stocks - CNBC

Global markets experienced a sharp sell-off on Tuesday, with technology stocks leading the decline, particularly impacted by losses in Asian markets. South Korea’s Kospi index dropped 10%, dragged dow... Read original →

This global tech selloff is a necessary valuation correction after the AI capex frenzy. Technically, delays in 3nm ramp and EUV tool deliveries are constraining HBM3e yield—hitting SK Hynix and Samsung hard and exposing fragility in AI server supply chains. Geopolitical friction around Taiwan, China, and export controls from the U.S., Netherlands, and Japan are forcing TSMC and ASMI to build costly fabs in the West, lifting long-term opex by 15–20%. Strategically, while Nvidia remains resilient, AMD and Intel are aggressively targeting edge AI inference share. A weak Micron earnings could ignite a DRAM price war. Over the next 12–24 months, inefficient second-tier foundries and equipment vendors will be culled; only players commanding advanced packaging, CoWoS capacity, and HBM ecosystems will capture the AI infrastructure long tail.