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Nasdaq plunges 2.6% on AI investment worries

On Thursday, the Nasdaq fell 2.6% as AI investment concerns resurfaced, with the Philadelphia semiconductor index dropping 6.7%, according to Yonhap and Maeil Business. Korean stocks also slid over 3% on profit-taking in chip shares amid persistent AI woes, as the Korea Times reported. Investors are questioning whether big tech's massive AI spending will yield timely profits, while Middle East tensions and rising oil prices added pressure, per Chosun Ilbo. Korean media emphasize the market's shift to safe-haven assets like U.S. Treasuries, with Maeil Business noting "AI 투자 대비 수익성 회의론" (skepticism about profitability relative to AI investment).

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