🚨 AI and semiconductor stocks plunge worldwide: Nearly $600 billion wiped out from Asian stock markets amid a massive sell-off in semiconductor and technology stocks. - South Korea’s KOSPI plunged over 6% - Japan’s Nikkei fell nearly 3% - US tech stocks dropped 2.7% Key reasons: 🇨🇳 China’s CXMT raises competition fears for global memory-chip makers. 🇺🇸 Broadcom CEO Hock Tan warns AI investing is starting to look like casino gambling, raising concerns over excessive spending and weak returns. 🛢️ Rising oil prices and geopolitical tensions add pressure on markets. 📉 Rising bond yields and doubts over AI profitability weigh on expensive tech stocks.