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Memory stocks plunge as China competition and 2029 oversupply fears mount
Memory chip stocks, including SK Hynix, Samsung, and Micron, have seen significant declines this week, falling 26%, 22%, and 11% respectively. The sell-off is driven by concerns over increasing compet
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Memory stocks plunge as China competition and 2029 oversupply fears mount
Memory chip stocks, including SK Hynix, Samsung, and Micron, have seen significant declines this week, falling 26%, 22%, and 11% respectively. The sell-off is driven by concerns over increasing compet
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Market competition
24H Trending
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SK Hynix plunged over 8% on Thursday, impacted by concerns over Federal Reserve interest rate hikes and AI investment funding.
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India's Jio Platforms has lowered its valuation to approximately $108 billion ahead of its IPO next week, planning to raise $3.2 billion.
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Gudea raises $7 million in seed funding, bringing total funding to $15 million, to leverage AI for social media crisis prevention.
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Binance founder CZ retweeted, stating it's amazing that Solana can advertise and set up offices in China, while BNB Chain currently cannot.
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US says it destroyed a vessel suspected of Iranian command and control in the Gulf of Oman, accusing it of spying on the US Navy.
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Prominent analyst Jason Schenker predicts: The Federal Reserve will hold steady in October, and may raise interest rates by 50 basis points in December.
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The Nikkei 225 index fell 3.13% today, now at 65,626.07.
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South Korea's KOSPI index fell 5.11% today, now at 5,701.75.
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South Korea's KOSPI index fell 6.03% today, now at 5,646.66.
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Australian Unemployment Rate Rose to 4.7% in September on Job Losses, Exceeding Expectations
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