AI Selloff Crushes Chip Stocks as Micron Plunges 13% and Korea Tanks

On today's episode of Market Brief – After Hours, a brutal global tech selloff tore through chip stocks and dragged markets red across three continents. We break down the violent unwind of the market's most crowded AI trades, the historic single-day crash in South Korea, and why the Dow somehow escaped almost untouched. We also dig into a stunning synchronized collapse in gold, silver and crypto, and the mechanical forces behind it. On the currency front we cover EUR/USD, GBP/USD, USD/CAD and AUD/USD as the US dollar flexed against nearly everything, plus dramatic single-stock moves in AMC, Primoris and Edgewell and the latest on oil and the Strait of Hormuz. Hosted on Acast. See acast.com/privacy for more information.