#SKHYNIX SK hynix is plunging. Is Chinese competition putting the AI trade in the firing line??🤐🤐
SK hynix has dropped more than 20% over the past few days. One possible trigger: a reported tech breakthrough by Chinese memory maker CXMT.
A few days ago, CXMT announced progress on next-generation DRAM technology, with plans to launch related server-memory products. The market freaked out.
And it’s not just CXMT. Chinese manufacturers are expanding their memory businesses, raising fears of tougher price competition ahead.
The selloff is spreading across U.S. cloud, memory and chip stocks, too. CoreWeave plunged more than 13% at today’s open.
SK hynix has dropped more than 20% over the past few days. One possible trigger: a reported tech breakthrough by Chinese memory maker CXMT.
A few days ago, CXMT announced progress on next-generation DRAM technology, with plans to launch related server-memory products. The market freaked out.
And it’s not just CXMT. Chinese manufacturers are expanding their memory businesses, raising fears of tougher price competition ahead.
The selloff is spreading across U.S. cloud, memory and chip stocks, too. CoreWeave plunged more than 13% at today’s open.