AI-related semiconductor stocks moved lower on Tuesday as investors weighed concerns around artificial intelligence infrastructure spending, competition, and potential returns on large-scale investments. Shares of Advanced Micro Devices fell about 10%, while Nvidia declined around 2% during the session. Memory chip companies were among the biggest decliners, with SK hynix dropping about 9% and Micron Technology falling nearly 10% amid broader concerns about AI-related demand expectations and increasing competition in the memory market. Several chip equipment and networking companies, including ASML, Applied Materials, and Marvell Technology, also traded lower as market sentiment across AI hardware stocks weakened.
SK Hynix Inc
Applied Materials Inc
ASML Holding N.V.
Micron Technology Inc
Advanced Micro Devices Inc
Marvell Technology Group Ltd
NVIDIA Corporation