Tech stocks fell sharply on Tuesday as fears of an AI bubble sapped market momentum. The tech-heavy Nasdaq Composite Index dropped 2.5% shortly after the opening bell, while the broad S&P 500 index was down roughly 1%. Chip memory and data storage stocks suffered some of the worst declines, with Micron diving more than 10%, Sandisk plunging over 12%, and Seagate Technology and Western Digital both lower by about 8%. The sell-off followed a 10% overnight drop in South Korea's KOSPI index, which is dominated by memory chip makers Samsung Electronics and SK Hynix. Shares of SpaceX, which went public less than two weeks ago, briefly fell below their opening price of $150.
Seagate Technology PLC
Western Digital Corporation
Samsung Electronics Co Ltd
