Asian Chip Stocks Fall Amid Calls for AI Slowdown

Asian chip stocks, led by Samsung Electronics and SK Hynix, fell after AI executives called for a slowdown in technology development. Despite concerns over infrastructure costs, market strategists believe the impact will be short-term and demand for chips, energy, and computing power will continue to outstrip supply. Investors remain doubtful about the long-term effects, with one portfolio manager saying it may cause short-term pressure but is unlikely to derail the AI trade. The tech-heavy Nasdaq 100 stock index has dropped over 4% from its record in June.