Why are big chip stocks under pressure? SK Hynix, AMD, Intel, Nvidia fall up to 6.5%; is the AI rally losing steam?

SK Hynix, Micron, and AMD faced declines of up to 6% on September 10 as profit-taking followed recent highs. Escalated tensions in West Asia and a surprising increase in August's Producer Price Index raised inflation worries ahead of upcoming Federal Reserve meetings.