Global Chip Stocks Tumble as Nasdaq Composite Falls Over 2%; Micron Leads Losses

Chip stocks plunged across global markets yesterday, with Micron Technology and Intel among the biggest losers as the artificial intelligence infrastructure rally stalled. The Nasdaq Composite dropped more than 2%, dragging the tech-heavy index lower. South Korea's benchmark stock index posted one of its worst days on record, reflecting the region's high exposure to memory chip stocks. Micron is set to report earnings after the bell today. Microsoft and Amazon, as well as cyclical names like Walmart, bucked the downtrend and posted gains.
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