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Chip stocks decline amid AI concerns
Shares in major chip companies declined sharply in the US and Asia amid a broader sell-off in AI-related stocks. The South Korean Kospi index dropped around 10% after a temporary halt, with Samsung Electronics and SK Hynix falling over 10%. Nvidia's stock also decreased following reports of its potential funding for an AI data-center project, leading Apple to surpass Nvidia as the world's most valuable company.
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