Memory chip stocks have slumped this week amid broader market turmoil, with SK Hynix down 26%, Samsung down 22% and Micron down about 11% over five days. The initial selloff followed China's CXMT announcing a server memory product with a new architecture that could offer higher storage density, though some analysts doubted it could scale production with good yields and said it would not change the supply-demand balance. Traders also weighed a Maeil Business Newspaper column in which experts expected a flood of new supply to turn memory into a 'red ocean' in 2029 and the supercycle could end by 2030, while Elon Musk said China would be making 'a LOT of RAM' in 2028. Most analysts have not echoed the 2029 forecast, and Counterpoint Research expects DRAM prices to fall about 23% in 2028 from 2027 but remain up about 230% versus 2025, as long-term agreements may limit sharp declines.
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