{"id":101849,"date":"2026-07-28T13:58:06","date_gmt":"2026-07-28T13:58:06","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/101849\/"},"modified":"2026-07-28T13:58:06","modified_gmt":"2026-07-28T13:58:06","slug":"micron-sk-hynix-stocks-fall-as-chip-sell-off-deepens","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/101849\/","title":{"rendered":"Micron, SK Hynix stocks fall as chip sell-off deepens"},"content":{"rendered":"\n

What happened: Semiconductor stocks extended losses on Tuesday after the PHLX Semiconductor Index (^SOX<\/a>) fell more than 2% in the previous session. <\/p>\n

AI chip heavyweight Nvidia (NVDA<\/a>) fell 0.5% in premarket trading, adding to a 5% loss on Monday, while AMD (AMD<\/a>) was set to open 4% lower. Broadcom (AVGO<\/a>), Intel (INTC<\/a>), Marvell (MRVL<\/a>), and Qualcomm (QCOM<\/a>) slid more than 2%. <\/p>\n

US-listed shares of memory and storage leaders Micron Technology (MU<\/a>), SK Hynix (SKHY<\/a>), and Sandisk (SNDK<\/a>) all fell more than 5%. Among the semiconductor equipment makers, ASML (ASML<\/a>), Applied Materials (AMAT<\/a>), and Lam Research (LRCX<\/a>) also dropped. <\/p>\n

What’s behind the move: The sell-off followed declines in semiconductor stocks abroad. In South Korea, SK Hynix fell more than 14%, while Samsung Electronics (005930.KS<\/a>) dropped more than 13%. <\/p>\n

European semiconductor stocks also moved lower as concerns about circular financing and intensifying competition from China have weighed on the sector. <\/p>\n

On Monday, Nvidia lost its position as the world’s most valuable company<\/a> to Apple after a report said the AI chip heavyweight was in talks to backstop $250 billion in funding for OpenAI (OPAI.PVT<\/a>) tied to a major data center project. That report followed a $500 billlion strategic collaboration<\/a> with the conglomerate SK Group, announced on Friday. <\/p>\n

Chinese memory maker CXMT’s (688825.SS<\/a>) blockbuster IPO in Shanghai this week also renewed investor concerns that the company’s rapid expansion could weigh on memory chip prices. <\/p>\n

\"This<\/a> The ChangXin Memory Technologies (CXMT) factory on the outskirts of Beijing is seen on July 27, 2026. (Pedro Pardo\/AFP via Getty Images) \u00b7 PEDRO PARDO via Getty Images <\/p>\n

Additionally, a report from The Information that a Chinese state-backed company began mass-producing a key piece of chipmaking equipment fueled a sell-off in ASML shares. <\/p>\n

What else you need to know: Semiconductor stocks have been at the center of the AI trade this year, helping propel the sector to a record high in June. Since then, chip stocks have tumbled into bear-market territory, falling more than 20% from their highs as investors grow increasingly concerned about hyperscalers’ massive AI spending spree. <\/p>\n

Investors have also become more skeptical about the payoff from billions of dollars in AI infrastructure investments, raising questions about whether the spending will generate adequate returns. <\/p>\n

Last week, Alphabet (GOOG<\/a>, GOOGL<\/a>) stock plummeted after the tech giant announced it would raise its capital spending outlook as it builds out its AI infrastructure. <\/p>\n

Investors are now awaiting earnings this week from Microsoft (MSFT<\/a>), Amazon (AMZN<\/a>), and Meta (META<\/a>), all of which are expected to announce further increases in AI-related spending. <\/p>\n","protected":false},"excerpt":{"rendered":"What happened: Semiconductor stocks extended losses on Tuesday after the PHLX Semiconductor Index (^SOX) fell more than 2%…\n","protected":false},"author":2,"featured_media":101850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[10503,18184,3534,2295,48505,48506,279,241,275],"class_list":["post-101849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk-hynix","tag-applied-materials","tag-asml","tag-micron-technology","tag-nvidia","tag-phlx-semiconductor-index","tag-semiconductor-equipment-makers","tag-semiconductor-stocks","tag-sk","tag-sk-hynix"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/101849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=101849"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/101849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/101850"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=101849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=101849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=101849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}