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SoftBank's shares drop 13% amid AI, chip sell-off
Business
SoftBank's shares dropped 13% on Wednesday, echoing a wave of sell-offs in AI and chip stocks across Asia and the US.
Big names like Samsung, SK Hynix, and TSMC also saw their prices fall, showing just how connected tech markets are right now.
AI stocks' dip could rattle the market
If you're following tech or investing trends, this is a big deal—AI stocks have been super hot lately, but sharp drops in Palantir (down 8% after earnings) and NVIDIA (down 4% after Michael Burry revealed short bets) spooked investors.
Analysts say if AI stocks keep sliding, it could shake up the whole market since these companies carry so much weight in major indices.