Korea's July experience is arriving elsewhere on a delay.
The concern that hit Korean retail investors — whether AI capital expenditure translates into returns — surfaced globally over the past week after Anthropic CEO Dario Amodei called for the industry to slow development, with Sam Altman and Elon Musk agreeing.
SK Hynix dropped 6% on that news and the Kospi fell 3% in a single session. The Philadelphia Semiconductor Index fell 5.9% in its worst session since July 1, with Micron and SanDisk each losing more than 7%.
Nvidia guided third-quarter gross margin to 74% from 75% — the first sequential decline of the cycle — citing memory costs, power, land and data center infrastructure.
Korea's market, concentrated in memory producers supplying AI infrastructure, registered that shift months before the US equivalents did.
Kam
The concern that hit Korean retail investors — whether AI capital expenditure translates into returns — surfaced globally over the past week after Anthropic CEO Dario Amodei called for the industry to slow development, with Sam Altman and Elon Musk agreeing.
SK Hynix dropped 6% on that news and the Kospi fell 3% in a single session. The Philadelphia Semiconductor Index fell 5.9% in its worst session since July 1, with Micron and SanDisk each losing more than 7%.
Nvidia guided third-quarter gross margin to 74% from 75% — the first sequential decline of the cycle — citing memory costs, power, land and data center infrastructure.
Korea's market, concentrated in memory producers supplying AI infrastructure, registered that shift months before the US equivalents did.
Kam