SK Hynix's retreat followed a poor performance by U.S. chip stocks. Advanced Micro Devices and Micron Technology each fell more than 4% on Wednesday, while AI chip giant Nvidia shed 2%.
Shares of technology companies fell as traders continued to retreat from chip stocks.
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We believe Cisco is solidly back in a normal environment after two years of choppy results.
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Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut ...