🚨 China Enters the Memory Chip Race, U.S. Memory Stocks Slide
China's $CXMT said it will begin producing next-generation memory chips that will compete for market share with U.S. and Korean companies. (CNBC)
Market reaction:
🔴 Sandisk: down more than 5%
🔴 Micron and Seagate: down about 3%
🔴 Western Digital: down more than 2%
🔴 Roundhill Memory ETF (DRAM): down 4% (Stocks making the biggest moves midday: eBay, Sandisk, Meta Platforms, IonQ, Lumentum & more +3)
❓ Is this a one-day scare, or the start of real competition for the memory sector?
Tell us what you think in the comments 👇
⚠️ Not investment advice. Percentages are from Monday's midday trading.
#StockMarket #MemoryChips #Micron #Sandisk #China
China's $CXMT said it will begin producing next-generation memory chips that will compete for market share with U.S. and Korean companies. (CNBC)
Market reaction:
🔴 Sandisk: down more than 5%
🔴 Micron and Seagate: down about 3%
🔴 Western Digital: down more than 2%
🔴 Roundhill Memory ETF (DRAM): down 4% (Stocks making the biggest moves midday: eBay, Sandisk, Meta Platforms, IonQ, Lumentum & more +3)
❓ Is this a one-day scare, or the start of real competition for the memory sector?
Tell us what you think in the comments 👇
⚠️ Not investment advice. Percentages are from Monday's midday trading.
#StockMarket #MemoryChips #Micron #Sandisk #China