Global stock markets experienced a significant downturn as semiconductor stocks led the decline, particularly affecting giants like Micron, Samsung, and SK Hynix. The Nasdaq 100 fell 2%, driven by concerns over the AI sector and its sustainability amid rising investor doubts. Notable drops in AI and chip stocks resulted in a bear market for memory stocks as traditional technology investments falter. Analysts are expressing fears of a bubble, warning of a potential 30% crash in AI stocks. As the sector struggles, a growing number of investors are re-evaluating their positions, leading to a broad sell-off across chip manufacturers and semiconductor equipment companies.