As the artificial intelligence boom cools down, technology stocks lead the decline in European markets.

Golden Ten Data reported on June 23 that in early trading on Tuesday, European stock markets fell sharply, with global tech stocks' selling pressure dragging down major indexes. The Europe Stoxx 600 Index fell 1% intraday, with technology and basic resources being the largest declining sectors. European chip stocks such as ASML, ASM International, STMicroelectronics, and Infineon saw their share prices drop between 3% and 6% intraday. However, the declines in European markets are more limited compared to other global indexes, such as Japanese and Korean stock indexes, which have been hit harder due to a broad sell-off among chip manufacturers. Previously, media reported that SK Hynix is slowing the expansion of its AI memory chip production and shifting its focus to more cost-effective commercial DRAM products.