_1777294237270_124456903.png&w=64&q=75){kind=small}
Technology stocks fall on rate hike fears
Today, Thursday, the shares of global semiconductor manufacturing companies declined amid concerns over the U.S. Federal Reserve raising interest rates and its potential impact on technology investments, especially those related to artificial intelligence. Korean companies such as SK Hynix and Samsung Electronics saw drops of more than 8-10%, while European firms like ASML and Infineon Technologies also suffered. Japanese and Taiwanese companies also experienced declines, as fears grew over rising borrowing costs and their effect on capital spending necessary for AI infrastructure development. Additionally, there are concerns about a global surplus of chips by 2029.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)