Micron, SK Hynix stocks sink as AI chip sell-off deepens
What occurred: Semiconductor stocks fell on Tuesday, with the PHLX Semiconductor Index (^SOX) falling greater than 3% as traders continued to unwind positions in one of many market’s hottest AI-driven sectors this yr. US-listed shares of reminiscence and storage leaders Micron Technology (MU) and SK Hynix (SKHY) tumbled greater than 8%, whereas Sandisk (SNDK) dropped 13%….