Another Memory Massacre Is Inbound on Tuesday: Micron, SanDisk, Seagate See Large Premarket Losses
Samsung and SK Hynix fell 13% to 15% overnight as China supply fears, AI financing concerns and Korea’s unwind hit memory stocks.
7 Articles
7 Articles
On the 28th, Samsung Electronics and SK Hynix plunged 13% and 14%, respectively. Concerns over competition due to CXMT's aggressive capacity expansion... Still a follower in HBM. China's rise in the semiconductor industry is shaking the stock prices of Samsung Electronics and SK Hynix. Changxin Memory Technology (C), China's largest memory manufacturer...
Another Memory Massacre Is Inbound on Tuesday: Micron, SanDisk, Seagate See Large Premarket Losses
Samsung, SK Hynix, and Kioxia got destroyed overnight in Asia, and the shockwave hit US memory and storage stocks hard in premarket trading Tuesday. Three overlapping catalysts are forcing traders to rethink whether the AI memory trade was built on shakier ground than anyone admitted.
According to ChainCatcher, citing China News Service, several South Korean media outlets believe that the recent stock market plunge is attributed to the impact of the IPO of Changxin Technology, China's largest semiconductor company. Market concerns that Changxin Technology will use the funds raised from its IPO to catch up with semiconductor companies like Samsung Electronics and SK Hynix have spread, leading to a decline in investor sentiment…
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