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Stocks tumble on global chip rout with Nasdaq off more than 1%, led by Micron: Live updates

A widespread sell-off in semiconductor and AI stocks has hit global markets. The Nasdaq and S&P 500 are trending lower amid doubts over AI spending and rate concerns. Tech futures have plunged as the rout spread from Asia to Europe and the U.S.

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What changed

The tech sell-off has expanded globally, impacting European and U.S. indices following a sharp decline in South Korean chipmakers.

Live updates

  1. Global Chip Rout Drags Down Nasdaq and S&P 500

    A widespread sell-off in semiconductor and AI stocks has hit global markets. The Nasdaq and S&P 500 are trending lower amid doubts over AI spending and rate concerns. Tech futures have plunged as the rout spread from Asia to Europe and the U.S.

    What's confirmed:

    • The Nasdaq and S&P 500 have fallen amid a global chip stock rout.
    • Micron led the decline in semiconductor stocks.
    • The main index in South Korea plunged 10.5 percent.
    • The Nasdaq was down 2.2 percent at Tuesday's open.
    • The Nasdaq Composite and S&P 500 are on pace to end the trading week in the red.

    Still unconfirmed:

    • US-Iran talks are progressing.
    • Nvidia and Sandisk shares are diving.
    • Oil prices are slipping.
    confidence 90%