00:00It's Benzinga bringing Wall Street to Main Street
00:02A global sell-off in technology stocks deepened Thursday as Asian chipmakers followed Wall
00:07Street losses amid concerns over rising interest rates and the cost of financing artificial
00:12intelligence investments, according to CNBC.
00:15South Korea's SK Hynix plunged more than 10%, while Samsung Electronics fell 7.1%.
00:21Japan's SoftBank Group dropped 7.9%, Advantis lost 6.9%, and Tokyo Electron declined 5.4%.
00:28The losses followed Wednesday's Wall Street sell-off after hotter-than-expected U.S. inflation
00:33data raised concerns about further Federal Reserve rate hikes.
00:36The Nasdaq Composite fell 1.88%, while the S&P 500 lost 1.11%.
00:42Tech analyst Dan Ives said higher borrowing costs could pressure AI infrastructure financing,
00:47but maintained that demand for AI computing power remains strong.
00:50For all things money, visit Benzinga.com
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