StocksMedium•14 October 2026•
1 min read
Chip Stocks Slump as China's CXMT Targets Server Memory Market
Key Facts
1SK hynix shares fell 5% following news that China's CXMT is targeting the server memory market with denser chip designs.
2Western Digital shares dropped 4% and Micron fell 3% as the chip selloff spread to US markets.
SK hynix shares fell 5% following news that China's CXMT is targeting the server memory market with denser chip designs. 247wallst.com reported that the selloff spread to US markets, with Western Digital shares dropping 4% and Micron falling 3% as investors reacted to the competitive threat in the high-density memory segment.
SKHY was trading at $148.765 on October 14, 2026, while MU was trading at $927.2901 on the same date. Separately, WDC closed at $380.71 on October 13, 2026, as the advancement of Chinese memory technologies challenges the market share and pricing power of established global manufacturers.