Traders Weigh ‘Buy the Dip’ Opportunities Amid Stocks Selloff
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Investors and analysts are lining up bets on battered Asian technology stocks, after a $279 billion rout in Nvidia Corp. fueled a wave of selling in chip stocks.
Shares of Asian semiconductor and equipment makers including SK Hynix Inc., Taiwan Semiconductor Manufacturing Co. and Advantest Corp. fell amid a widespread market rout, creating a crunch moment for investors who have benefited from big gains in chip stocks over the past few years.