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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.

Reporting by CNBC Technology 1 min brief
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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 know

  1. SK Hynix down 10%

  2. Broader Asian tech sector decline following Wall Street AI names

  3. JPMorgan maintains optimism on AI investment cycle despite near-term selloff

  4. Date: August 6, 2026

  5. SK Hynix stock down 10%

  6. Broader Asian tech selloff tied to Wall Street AI name declines

  7. 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.
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