Memory-Chip Stocks Micron, SK Hynix Drop After China Rival's IPO
Memory-chip stocks Micron and SK Hynix fell Monday after Chinese rival CXMT rocketed in its IPO on the Shanghai Stock Exchange.
Memory-chip stocks Micron and SK Hynix fell Monday after Chinese rival CXMT rocketed in its IPO on the Shanghai Stock Exchange.
Memory and storage stocks came under heavy selling pressure on Monday after Chinese memory chipmaker ChangXin Technology Group (CXMT) made a blockbuster stock market debut, and reports emerged that China has begun manufacturing domestically developed deep ultraviolet (DUV) lithography machines. The twin developments heightened investor concerns that China's semiconductor industry is rapidly closing the technology gap with global leaders, putting pressure on established memory manufacturers.
SK Hynix trades at a really attractive valuation and deserves a premium multiple for its solid bottom-line growth. The memory stock could become a multibagger by the end of 2027 based on its earnings growth potential.
Memory and storage stocks are selling off sharply Monday morning as the broader NASDAQ 100 rises and falls.
The first wave of the AI boom crowned Nvidia Corp. (NASDAQ:NVDA) and memory leader SK Hynix Inc. (NASDAQ:SKHY) as Wall Street's biggest winners. But as AI infrastructure spending broadens, the next opportunities may lie deeper in the supply chain.
The Roundhill Memory ETF (DRAM) is bracing for a pivotal week that could make or break its performance. DRAM has already plunged by over 31% from its highest point this year, and key earnings this week will determine its trajectory.
The Nasdaq-100 technology index is trading in the green for 2026, but it's down 8% from its recent peak. The Roundhill Generative AI and Technology ETF is experiencing an even steeper drawdown, but it's still boasting a 40% year-to-date return.
The huge premium between SK Hynix's American and South Korean shares shouldn't happen in markets.
SK Hynix has a dominant share of the data center memory market.
Nvidia said it's secured AI memory supply from SK Hynix, potentially alleviating a concern as the memory market faces a global shortage. The chipmaker is aggressively securing supply of high-bandwidth memory, an essential component for its graphics processing units and AI systems.
The major indexes bounced back Friday on falling oil prices. Here's what's driving the divergence between old-economy gains and tech-sector jitters.
Funds to offer 200% daily long and short exposure to the South Korean memory giant NEW YORK, July 24, 2026 /PRNewswire/ -- Tradr ETFs,a provider of ETFs designed for sophisticated investors and professional traders, announced that it expects to launch two single-stock leveraged ETFs tied to SK hynix stock on Tuesday, July 28. The Cboe-listed funds seek to deliver two times long (200%) and short (-200%) the daily performance of the South Korean semiconductor and memory chip maker.
SK Hynix (NASDAQ:SKHY) ADRs are down 6% in Friday morning trading to $158.56 as a Korea-led memory selloff pulls the entire chip complex lower.
One of South Korea's most closely watched legal battles has ended with a record divorce settlement, but the implications stretch well beyond the personal lives of SK Group chairman Chey Tae-won and his former wife Roh Soh-yeong. The ruling has renewed attention on the ownership of one of Asia's most valuable technology groups at a time when its semiconductor arm, SK Hynix, is emerging as one of the biggest beneficiaries of the global artificial intelligence boom.
In the first quarter, SK Hynix's sales rose 198%, and its earnings jumped 398%. Its shares are cheaper on a price-to-earnings basis than the average tech stock.
The AI data center build-out has transformed the market for high-bandwidth memory.
The whipsaw in energy prices brought by lasting tensions around the Strait of Hormuz are weighing on global central banks, says Michelle Gibley of @CharlesSchwab. Sticking with international headlines, she highlights the "tail wags dog" situation she sees on SK Hynix's (SKHY) proposed ADR conversion cap.
They're riding a supply-demand high right now, but the focus is sustainability.
SK Hynix's US-listed shares rose in premarket trading on Thursday. A report said the South Korean memory chipmaker has capped the number of domestic shares that can be converted into American depositary receipts (ADRs).
Investors are piling into the Roundhill Memory ETF (DRAM) as top stocks in the industry bounce back. DRAM jumped to $59.23, up by 20% from its lowest level this month.