ChipsThe story, in brief
Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall
SK Hynix plunges 10% as Asian chip stocks follow Wall Street AI selloff — but JPMorgan says the AI capex cycle holds.
The KeyNews take
Why it matters
Memory chip stocks are repricing on near-term volatility, but analyst consensus still backs sustained AI infrastructure spending. The underlying compute buildout trajectory remains intact despite market noise.
The key facts
7 to knowSK Hynix down 10%
Broader Asian tech sector decline following Wall Street AI names
JPMorgan maintains optimism on AI investment cycle despite near-term selloff
Date: August 6, 2026
SK Hynix stock down 10%
Broader Asian tech selloff tied to Wall Street AI name declines
JPMorgan analysis: tech sell-off has not derailed AI investment cycle
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle.