‘A lot of panic around the AI investment’: how a chip slump is driving the Nasdaq toward correction

South Korea’s Kospi and U.S. semiconductor indices fell sharply amid panic over AI investment and chip market volatility. Memory prices remain high, with DRAM contracts rising 20%-30% in Q3, while Chinese companies like CXMT and state-backed firms are raising concerns about production capabilities. Analysts argue the panic is overblown, noting supply constraints and EUV lithography advantages for Western firms.