TradingKey – On Tuesday, Eastern Time (June 23), dragged down by the collapse of the semiconductor sector in the South Korean stock market, U.S. tech stocks saw a notable correction, which directly dented sentiment across the U.S. memory chip and AI hardware supply chains.

In terms of market performance, South Korea’s KOSPI index plummeted nearly 10% at one point on Tuesday, marking its largest single-day drop in over three months, while Samsung Electronics and SK Hynix both plunged over 12%. Because Samsung, SK Hynix, and Micron ( MU) all operate in the global memory chip supply chain and are crucial suppliers of AI server HBM and high-end DRAM, the severe sell-off in the South Korean market quickly spilled over to U.S. equities. The…