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00:02Technology stocks fell Tuesday, extending a sell-off driven by concerns over artificial
00:07intelligence financing and growing competition from China, according to CNBC.
00:11Micron shares dropped nearly 4 percent in pre-market trading after Chinese memory chip
00:16maker Changshin Memory Technologies announced progress on a new chip architecture designed
00:20to increase memory density.
00:22South Korea's SK Hynix plunged more than 10 percent, while Samsung Electronics fell 7.4
00:27percent.
00:28Japan's SoftBank Group sank 8.5 percent, and European semiconductor stocks also declined.
00:34Analysts said Chinese memory chip makers continue to lag U.S. and South Korean competitors, particularly
00:39in advanced memory technology.
00:41Analysts attributed the sell-off to broader AI market anxiety and warned of continued volatility
00:45amid concerns over chip demand and pricing power.
00:48For all things money, visit Benzinga.com
