00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. technology stocks were set to fall on Tuesday after a sell-off in Korean chipmakers
00:07raised concerns about the durability of the AI-driven rally, according to Bloomberg.
00:11Nasdaq 100 futures fell 2.7%, while S&P 500 futures dropped 1.4%.
00:18South Korea's Kospi fell 10% and triggered a circuit breaker after SK Hynix and Samsung
00:24Electronics each dropped more than 10%. The sell-off followed a local media report
00:29that SK Hynix was slowing the expansion of AI memory chip production
00:32and shifting focus to cheaper commodity DRAM.
00:36Analysts said the move reflected concerns about positioning,
00:39valuation, and profit potential in memory markets.
00:42Investors are now turning to Micron Technology's quarterly results on Wednesday,
00:46after the stock rallied more than 300% this year.
00:49For all things money, visit Benzinga.com.
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