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Why are big chip stocks under pressure? SK Hynix, AMD, Intel, Nvidia fall up to 6.5%; is the AI rally losing steam?

SK Hynix, Micron, and AMD faced declines of up to 6% on September 10 as profit-taking followed recent highs. Escalated tensions in West Asia and a surprising increase in August's Producer Price Index raised inflation worries ahead of…

Why are big chip stocks under pressure? SK Hynix, AMD, Intel, Nvidia fall up to 6.5%; is the AI rally losing steam?

SK Hynix, Micron, and AMD faced declines of up to 6% on September 10 as profit-taking followed recent highs. Escalated tensions in West Asia and a surprising increase in August's Producer Price Index raised inflation worries ahead of upcoming Federal Reserve meetings.

The recent weakness in chip stocks comes despite a broadly favourable backdrop for the technology sector, as escalating attacks between the US and Iran in the Middle East.
The recent weakness in chip stocks comes despite a broadly favourable backdrop for the technology sector, as escalating attacks between the US and Iran in the Middle East. (AI generated image for representational purposes only)
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Reported by A Ksheerasagar · Syndicated via official news feed

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