The selloff wiped over a trillion dollars from global tech valuations, with memory chipmakers like Micron and SK Hynix taking the heaviest hits

 begin quote from previous article: (AI Generated Article).

AI and semiconductor stocks are experiencing a sharp market correction driven by soaring interest rates, profit-taking, and investor skepticism over whether massive AI infrastructure spending will generate profitable returns. The selloff wiped over a trillion dollars from global tech valuations, with memory chipmakers like Micron and SK Hynix taking the heaviest hits.