Global stocks suffered heavy falls in a sell-off described as a bloodbath for companies tied to the AI boom. Japan's Nikkei 225 sank 4 percent on Friday, down more than 10 percent from its June 25 record high, while Taiwan's Taiex index shed 6.5 percent after chip giant TSMC fell 7.3 percent. European stocks also declined and the Nasdaq 100 slumped 2 percent in premarket trading, a day after Nvidia dropped 2.4 percent. Chipmaker Kioxia collapsed 16 percent, losing around half its value since briefly becoming Japan's biggest listed company last month. Analysts cited profit-taking, doubts about an AI investment bubble, and broader pressures including Middle East tensions and hawkish Federal Reserve remarks.
Taiwan Semiconductor Manufacturing Co. Ltd.
Kioxia Holdings Corporation
Toyota Motor Corp.
NVIDIA Corporation
Western Digital Corporation