A selloff in Asian technology shares gathered pace on Thursday, following sharp losses in SpaceX and Advanced Micro Devices that renewed skepticism over the sustainability of returns from the AI investment boom. Losses extended into the U.S. premarket session with Sandisk plunging nearly 9% despite forecasting first-quarter revenue above the Wall Street consensus of $10.47 billion, while Western Digital slid more than 13% despite its own above-consensus guidance for sales. Memory maker peer Micron saw its shares pull back 3.8%. South Korea's KOSPI closed down 4.6% at 6,296.38, with Samsung Electronics dropping 6.3% and SK Hynix losing 10.4%, together accounting for more than half of the index's weighting. Software stocks were also under pressure, with Salesforce slipping 4.6%, ServiceNow falling 2.7%, Adobe sliding 2.6%, and Intuit dropping 2% in premarket trading.
Samsung Electronics Co Ltd
Adobe Systems Incorporated
Advanced Micro Devices Inc
Salesforce.com Inc
ServiceNow Inc
Intuit Inc
Western Digital Corporation
