Tech Stocks Slide: Nvidia, KLA Fall as Kospi Drops 6%; Hims & Hers Plummets on Data Allegations
Tech shares remained under pressure with broad declines. South Korea’s Kospi tumbled 6% after SK Hynix dropped despite record revenue, while Hims & Hers Health sank 11.4% following regulatory allegations over data sharing.
Technology stocks faced a broad sell-off, with several high-profile names bearing the brunt. Semiconductor firms Nvidia and KLA Corp both declined, contributing to the sector’s weakness.
In Asia, South Korea’s benchmark Kospi index plunged 6%. The move was led by a sharp drop in SK Hynix shares, even though the memory chip maker reported record quarterly revenue. The drop underscored fragile sentiment in the region’s tech-heavy market.
Meanwhile, Hims & Hers Health tumbled 11.4% after regulators alleged the telehealth company shared sensitive health data with advertisers. The claim added to concerns over data privacy practices in the digital health space.
Source: First Squawk