U.S. stock indexes end mixed as chipmakers slide for a second session
AI Market Summary
Global equities were mixed as a second-day semiconductor selloff dominated risk appetite: South Korea's KOSPI drop and sharp declines in SK Hynix/Samsung amplified doubts about AI capex durability, pressuring U.S. chip and AI infrastructure names (SOXX -5%+, multiple stocks -5% to -14%). Softer U.S. payrolls supported rate-cut expectations and helped software/AI application stocks, but the chip shock remained the key short-term driver.
Impact level
● High
AI InsightAI Insight
● Neutral
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South Korea’s KOSPI fell more than 7% in a single session as SK Hynix and Samsung Electronics sank, extending a two-day global selloff in chip stocks. The iShares Semiconductor ETF (SOXX) dropped more than 5%, with AI infrastructure names such as ARM, Intel, Micron and AMD broadly falling 5%–14%. Over the same period, software and AI-application shares including Microsoft, Apple, Palantir and Robinhood rose. A weaker-than-expected U.S. June jobs report reinforced rate-cut expectations, but semiconductor shares were driven lower by fading confidence in overseas supply-side conditions.
