South Korea & Marvell Technology

South Korea: South Korea's Kospi index plunged due to the sell-off in AI-related shares, despite government plans for significant investments in computer chip manufacturing.

Marvell Technology: Marvell Technology dropped significantly after erasing early gains, reflecting investor concerns about AI stock valuations and its recent volatile performance.

South Korea: South Korea's semiconductor shares rallied sharply, with its major chipmakers Samsung Electronics and SK Hynix seeing significant gains. JPMorgan Chase maintained an overweight stance on South Korea, describing it as its preferred market in the region.

Marvell Technology: Marvell Technology's shares hit a record high after Nvidia CEO Jensen Huang called it the next 'trillion-dollar company'.