Chip shares slide as Nvidia, AMD, Micron and SK Hynix fall amid $11 billion fund outflows
AI Market Summary
Semiconductor equities sold off as investors questioned sustainability of recent AI-driven earnings momentum and rotated out of chip funds; LSEG Lipper data show roughly $11B of outflows in the week ended June 24, the largest this century. With many names near 12-month target prices and pockets of elevated valuations, positioning has turned more defensive. SK Hynix' sharp reversal after its US debut amplified weakness across memory and broader chip peers.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT+0.73%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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Semiconductor shares fell broadly, with Nvidia, AMD, Micron and SK Hynix weakening across U.S. and South Korean markets. About $11 billion flowed out of U.S. semiconductor funds in the week ended June 24, the largest weekly outflow this century, according to LSEG Lipper data. Even as expectations for AI infrastructure spending remain strong and several firms have raised price targets, many chip stocks are trading near analysts’ 12-month targets, raising concerns that valuations already reflect much of the growth. SK Hynix reversed after a sharp jump in its U.S. trading debut, weighing on the memory-chip segment.
