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● LIVE Updated 2h ago · 22 sources tracked

Some tech shares are plunging

South Korea is experiencing the worst stock market crash in its history, threatening the livelihoods of millions and potentially disrupting the global tech boom. This downturn coincides with a 48% drop in Oracle stock, though some analysts suggest the price represents a buying opportunity despite the slide. Meanwhile, Amnon Shashua has resigned as CEO of Mobileye to dedicate his focus to doubleAI, a venture he believes could exceed the achievements of his previous company. These events follow a period of extreme volatility and record retail sell-offs in the Kospi market.

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What changed

South Korea's market has entered its worst crash in national history and Oracle shares have fallen 48%.

Live updates

  1. South Korea suffers worst stock market crash in history as tech shares slide

    South Korea is experiencing the worst stock market crash in its history, threatening the livelihoods of millions and potentially disrupting the global tech boom. This downturn coincides with a 48% drop in Oracle stock, though some analysts suggest the price represents a buying opportunity despite the slide. Meanwhile, Amnon Shashua has resigned as CEO of Mobileye to dedicate his focus to doubleAI, a venture he believes could exceed the achievements of his previous company. These events follow a period of extreme volatility and record retail sell-offs in the Kospi market.

    Why it matters

    The current instability follows the June 2026 SpaceX IPO and ongoing debates regarding the sustainability of the AI rally. Investors are currently scrutinizing whether high-profile tech valuations match their actual utility. The scale of the Korean crash suggests a systemic risk to the broader technology sector.

    Still unconfirmed

    • Amnon Shashua stepped down as Mobileye CEO to focus on doubleAI.
    • Oracle stock has decreased by 48%.
    • South Korea is facing the worst stock market crash in its history.

    What to watch next

    • Further data on Kospi retail and foreign investor activity
    • Official statements from Mobileye regarding the CEO transition
    • Quarterly earnings reports for major AI-integrated tech firms
    Sources used for this update (5)
    1. en.globes.co.il — Amnon Shashua doubles down on doubleAI
    2. www.aol.com — Down 48%, Is Oracle Stock a Buy Right Now?
    3. www.abc.net.au — Korean stock market crash threatening to upset tech boom
    4. www.idsnews.com — OPINION: Social media bans for children create a more dangerous internet for adults
    5. www.timeout.com — I tried Perisher’s brand-new women-only ski weekend – here’s what it was like
    confidence 70%

  2. South Korea faces worst stock market crash in history as tech shares slide

    South Korea is experiencing the most severe stock market crash in its history, threatening the livelihoods of millions. This volatility follows a record sell-off by retail investors in the Kospi market on July 31. While foreign investors net-bought 7.241 trillion won, the broader tech sector shows instability. Oracle stock has dropped 48%, though some analysts view it as a value opportunity despite the decline. These events coincide with growing skepticism over the sustainability of the AI rally and the actual valuation of recent high-profile tech IPOs.

    Why it matters

    Market instability follows the June 2026 public debut of SpaceX, which launched at $135 per share. Investors are now questioning if the initial frenzy surrounding AI and tech IPOs aligns with their real value. Political influence on market stability remains a secondary concern for traders.

    Still unconfirmed

    • Oracle stock has decreased by 48%
    • Amnon Shashua resigned as Mobileye CEO to focus on doubleAI

    What to watch next

    • Data on whether foreign investment in Kospi continues to offset retail sell-offs
    • Official confirmation of Amnon Shashua's new role at doubleAI
    Sources used for this update (5)
    1. en.globes.co.il — Amnon Shashua doubles down on doubleAI
    2. www.aol.com — Down 48%, Is Oracle Stock a Buy Right Now?
    3. www.abc.net.au — Korean stock market crash threatening to upset tech boom
    4. www.idsnews.com — OPINION: Social media bans for children create a more dangerous internet for adults
    5. www.timeout.com — I tried Perisher’s brand-new women-only ski weekend – here’s what it was like
    confidence 70%

  3. Retail investors drive record sell-off in Kospi market

    Retail investors conducted a record sell-off in the Kospi market on July 31, while foreign investors net-bought 7.241 trillion won. This volatility follows the June 2026 public debut of SpaceX, which entered the market with a share price of $135. These movements occur alongside concerns regarding the sustainability of the AI rally and the influence of political figures on market stability. Investors are now weighing the actual value of high-profile tech IPOs against the initial frenzy surrounding their public launches.

    Why it matters

    Market instability often stems from the tension between retail enthusiasm and institutional movements. The recent SpaceX IPO provides a benchmark for how high-growth tech companies are currently valued. Continued volatility in the Kospi indicates a shift in investor confidence within Asian markets.

    Still unconfirmed

    • Foreign investors net-bought 7.241 trillion won on July 31
    • SpaceX shares hit the market at a debut price of $135 in June 2026
    • President Trump has a history of causing stocks, bonds, and currencies to soar or plunge via online posts

    What to watch next

    • Further data on the sustainability of the AI rally
    • Price fluctuations of SpaceX (SPCX) shares post-IPO
    Sources used for this update (4)
    1. www.independent.co.uk — Trump’s paid early access to Truth Social posts launches. Here’s why officials are worried
    2. ca.finance.yahoo.com — HubSpot, Inc. HUBS Stock Forecast & Price Target
    3. www.chosun.com — Retail Investors Flee Kospi Surge with Record Sell-Off
    4. www.thetechedvocate.org — Your SpaceX IPO Investment Value: A Sobering Reality Check
    confidence 80%

  4. Tech shares plunge, AI market concerns grow

    Some tech shares are experiencing significant declines, sparking concerns about the AI market. The declines have led to questions about the sustainability of the AI rally. Investors are closely watching the situation.

    What's confirmed:

    • Tech shares are plunging, with some companies experiencing significant declines. This has raised concerns about the AI market's sustainability. Apple and Amazon have reported rising revenues, beating Wall Street predictions.
    • The AI market's decline has drawn comparisons to previous market events, with some experts warning of a potential bubble. JPMorgan has cautioned that the next few weeks are critical for the AI infrastructure trade.

    Still unconfirmed:

    • The AI bubble is bursting, with some experts warning of significant losses. A potential AI market crash has been compared to the 2000 and 2008 market events, although some analysts consider this unlikely.
    Sources used for this update (14)
    1. Some tech shares are plunging - what does that mean for the AI revolution?
    2. Dramatic Reversal in the AI Trade Looks Overdone
    3. Is the AI rally running out of steam?
    4. The AI Bubble Is Bursting - Don't Get Mauled
    5. What AI Means to You & For Your Money – Top 3 Takeaways – July 29th, 2026
    6. Could an AI market crash rival 2000 or 2008? Unlikely
    7. It’s Do-or-Die Time for the AI Infrastructure Trade
    8. AI stocks are echoing a 1990s market split. JPMorgan warns the next few weeks are critical.
    9. Experts Are Sounding the Alarm Over an AI Bubble. Here's What History Says Investors Should Do Right Now.
    10. As SpaceX plunges the FTSE 100 hits an all-time high. Here’s what I’m doing
    11. SK hynix shares plummet despite record earnings
    12. PSX Recovers After 1,400-Point Intraday Plunge Amid Iran-US Tensions
    confidence 70%