Jul 28, 2026
negativeNvidia's $750 Billion AI Financing Deals Trigger 6% Chip Sector Selloff — Samsung, SK Hynix Post Worst Drops in Decades
A semiconductor selloff tied to Nvidia's $750 billion in AI infrastructure financing deals erased over a trillion dollars in chip-sector market value, with South Korea's Kospi tumbling nearly 11% and Samsung Electronics posting its worst single-day decline in almost two decades. SK Hynix fell more than 14%, while ASML dropped over 8% after reports that a Chinese state-backed firm began mass-producing advanced lithography equipment. The rout, which spread to U.S. trading, reflects deepening investor doubt about circular AI financing arrangements just as the Federal Reserve prepares its rate decision Wednesday.