As bubble theories surrounding the artificial intelligence (AI) industry arise in the New York stock market, domestic AI semiconductor representative stock SK hynix is dropping more than 3%.
As of 9:40 a.m. on the 20th, SK hynix is trading at 253,000 won, down 10,000 won (3.8%) from the previous trading day in the securities market.
There is an interpretation that the drop is due to the influence of the technology stocks falling as bubble theories about the AI industry came to the forefront in the New York stock market overnight. Additionally, China's movement to restrict the use of foreign chips also acted as a negative factor.
NVIDIA closed at $175.74, down 3.5% from the previous trading day on the 19th (local time). The technology-heavy Nasdaq composite index also fell by 1.46%.
Earlier, Sam Altman, CEO of OpenAI, noted at a press conference on the 18th that "the AI industry may have a bubble," adding that "it is true that investors are overly excited about AI, and the valuations of AI corporations are already at an uncontrollable level."