Seoul, June 5 -- The tech rally that was driving the markets to record highs fizzled on Friday as Asian shares came under pressure tracking losses in AI shares on Wall Street.

Korean tech heavyweights Samsung and SK Hynix fell up to 8 per cent taking the index down 4 per cent indicating that investors may be cautious after a record boom drove these companies to a trillion dollar valuation.

The selloff in tech shares came after US chip giant Broadcom reported its second quarter earnings clocking a revenue of $22.19 billion. Some analysts had forecast a stronger revenue for the company in the second quarter. The stock was bludgeoned for its weak guidance as CEO Hock Tan didn't raise company's full-year target of $100 billion in AI chip sa...