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$900 Billion Just Vanished as Korean Chip Stocks Crater, but the Squawk Crew Isn’t Sold on an AI Breakdown
Key takeaways
- Oracle s $638B backlog (up 363%) and Broadcom s AI semi revenue surging 143% argue the selloff reflects positioning, not a collapse in AI spending.
- Don t wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks.
- Four straight down sessions have erased more than $900 billion in equity value, with the proximate cause tracing to Seoul.
Oracle s $638B backlog (up 363%) and Broadcom s AI semi revenue surging 143% argue the selloff reflects positioning, not a collapse in AI spending.
Don t wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Four straight down sessions have erased more than $900 billion in equity value, with the proximate cause tracing to Seoul. The Kospi fell nearly 10% in its worst session in years, and SK Hynix and Samsung both plunging more than 12% the day after SK Hynix overtook Samsung as Korea s most valuable company. Layered on top is record margin debt of roughly $25 billion (38.5 trillion won) by the end of May. Korean retail had leaned into the rally with both hands when the selling hit.
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