South Korean Stocks Tumble 6% as AI Jitters Hurt Chipmakers

South Korean stocks tumbled 6% as Meta Platform Inc.’s plan to sell computing power triggered concerns regarding excess AI capacity. This development led to a significant selloff among chipmakers, highlighting the inherent volatility within tech markets. The situation underscores the risks associated with speculative investments in AI infrastructure, as the market reacts to potential oversupply fears. Consequently, the shift in Meta's strategy has directly impacted the stability of the South Korean equity market and semiconductor sector.