Asia’s Tech Stocks Take the Hit as Apple and Microsoft Push Chip Costs to Consumers
• Asian tech stocks plummeted on Friday, led by a 12% drop in SoftBank, following reports that Apple and Microsoft are passing rising AI chip costs to consumers. • Major semiconductor players were hit hard, with South Korea's SK Hynix and Samsung both falling over 4%, while Japan's Advantest and Tokyo Electron dropped 6% and 2% respectively. • The market volatility stems from growing fears that the escalating cost of AI hardware is squeezing the profit margins of Big Tech companies.
beincrypto.com