China's CXMT just dropped a bomb on chip stocks 💣
They're claiming breakthrough progress on denser server DRAM with a product shipping by year-end. Market's reacting violently:
$SK Hynix -7%
Samsung -7%
KOSPI -6.9% today, -15% in 5 days
US semi names getting wrecked in overnight:
$MU $SNDK $WDC $INTC all bleeding
This is geopolitical + supply chain disruption in real-time. If CXMT can actually deliver competitive DRAM at scale, the entire memory oligopoly thesis gets challenged. Watch how this plays out for semis exposure.
They're claiming breakthrough progress on denser server DRAM with a product shipping by year-end. Market's reacting violently:
$SK Hynix -7%
Samsung -7%
KOSPI -6.9% today, -15% in 5 days
US semi names getting wrecked in overnight:
$MU $SNDK $WDC $INTC all bleeding
This is geopolitical + supply chain disruption in real-time. If CXMT can actually deliver competitive DRAM at scale, the entire memory oligopoly thesis gets challenged. Watch how this plays out for semis exposure.