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AI stocks under pressure: Why are Micron and SK Hynix plunging while other chipmakers gain?
Source: Livemint — Markets · 3 hr ago
Summary
Micron and SK Hynix saw their stock prices fall sharply on October 13 after investors grew uneasy about progress from Chinese competitor CXMT and questioned whether the recent AI‑driven market rally can be sustained. At the same time, Nvidia and several other chip manufacturers posted gains, even as broader markets continued to grapple with concerns over AI‑related valuations.
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From the original report
Micron and SK Hynix shares posted extended losses on October 13 as concerns over Chinese rival CXMT’s memory chip advances and the sustainability of the AI rally weighed on sentiment. Meanwhile, Nvidia and other chipmakers gained, even as global markets faced mounting AI valuation risks.
Excerpt from Livemint — Markets.
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