AIWall Street Journalabout 2 hours ago
CXMT Breakthrough Triggers Global AI Selloff
2 min read
Asian AI stocks cratered after Chinese chip maker CXMT announced a major breakthrough in memory technology enabling more efficient chips. This news caused Nasdaq futures to fall 0.6% and Korean Kospi to close 5.5% lower. Meanwhile, oil prices dropped 1.2% to trade around $105.30 a barrel as traders weighed supply prospects.
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