SK Hynix shares fell 5% to $148.70 after China's CXMT signaled it is aiming a denser chip design at server memory, the most profitable part of the memory market. The selling spread to Western Digital (down 4% to $364.04) and Micron (down 3% to $925.45), while the Roundhill Memory ETF fell 4% and the Invesco QQQ Trust fell 2%. SK Hynix has dropped 22% over the past month, even though its preliminary Q2 FY2026 revenue reached 79.32 trillion won, up 256.8% year over year. Micron said demand will exceed supply in calendar 2027 and 2028, with more than 75% of its 2027 output already committed. The key test ahead is whether CXMT can win qualification from hyperscale customers for its server memory.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SK Hynix Sinks 5% as China’s CXMT Aims at Server Memory; Western Digital Drops 4%, Micron Falls 3%
Read the original on Yahoo Finance ↗
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/13/2026 | 743.57 |
| Change that session | -0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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