China’s Memory Chip Push Shakes Up Market as Micron Gains and SK Hynix Loses Ground

Why are Micron and SK Hynix stocks struggling today? It's the CXMT threat again

Memory stocks were falling on Thursday even as Wall Street's broader indices climbed, after fresh data showed that China's leading memory chipmaker had more than doubled its share of the global DRAM market in the space of a year. Micron Technology MU fell about 2.3% and South Korea's SK Hynix declined 4% on the day, when the S&P 500 gained 0.4% and the Nasdaq was up approximately 0.8%. At the time of writing, both stocks had regained some losses…

China’s Memory Chip Push Shakes Up Market as Micron Gains and SK Hynix Loses Ground

TLDR China’s CXMT grabbed 10% of the DRAM market in Q2 2026, up from 4% a year ago Micron grew its DRAM share to 24% and NAND share to 15% in Q2 2026 SK Hynix saw its DRAM share drop from 29% to 25% quarter over quarter Micron’s high-bandwidth memory capacity is fully sold out through 2026 via...

CXMT Captures 10% of the Global DRAM Market Revenue Share

According to Counterpoint Research trackers, Chinese memory giant CXMT captured 10% of the global DRAM market share by revenue in Q2 2026, which is 150% more than the company had a year ago. On a quarterly basis, the company also experienced significant growth of 25%, as it increased its market share from 8% in Q1 to 10% in Q2. This is impressive considering the company managed to grow its revenue market share despite constrained access to advan…