Chip Stocks Slide on China Memory, AI Jitters — SkimNews
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- US chip stocks extended their slide as a China memory report and AI spending jitters hit the sector.
- Chinese memory maker CXMT is making chip design progress, though one outlet framed the competitive threat to Micron as a "paper tiger," while the AI-memory trade came under pressure in South Korea, slamming SpaceX's stock.
Why it matters: A sector selloff triggered by Chinese memory competition and AI spending doubts is straining the AI-memory trade that lifted Micron, South Korean chipmakers, and SpaceX's recent private valuation.
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