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Global Chip Stocks Down 13 Percent in July, Heading for Worst Month Since 2022 ✨
Global chip stocks fell 13 percent in July, heading for their worst monthly performance since 2022.
🔹 The sell-off encompasses memory and semiconductor giants
🔹 Competition concerns following the CXMT IPO and expectations of peak memory prices are increasing pressure
🔹 A sharp correction is seen across the chip index in US and Asian markets
🔹 Uncertainties about the return on AI investments and the demand cycle are weakening risk appetite
DYOR 🔎 NFA ✔️
#SummerCreationCamp #夏日创作营
#CXMTDrops7.7%AtOpen #KOSPIPlunges9%
Selling pressure is deepening in memory chip stocks.
🔹 SK Hynix SKHY down 9.27%
🔹 Micron Technology MU down 9.66%
🔹 SanDisk SNDK down 13.53%
🔹 Western Digital WDC down 13.65%
Profit-taking is prominent across the sector. The volatility following the CXMT IPO, combined with concerns about peak memory prices, is causing a sharp pullback among global memory manufacturers.
NFA ✔️ DYOR 🔎
#SummerCreationCamp #夏日创作营