Asian stocks are experiencing a major downturn as worries over the artificial intelligence sector impact technology shares. SK Hynix has seen a dramatic plunge of over 11%, following a preceding surge of 27%. The selloff is contributing to a widespread decline in memory stocks, including companies like SanDisk and Micron, as traders seek to take profits amid a volatile market. Analysts suggest that this may signal a possible peak in the AI semiconductor trade, raising fears of a broader market rotation. Despite strong results from firms like ASML, the overall sentiment remains bearish as profit-taking continues to exert pressure on chip stocks.