US chip stocks fell as investors reacted to reported advances by Chinese memory maker CXMT, which plans to launch a new server memory product by the end of 2026. Oil prices also rose amid escalating Middle East tensions, adding to pressure on broader markets.
Nvidia, Micron, SK Hynix shares slump up to 5% as China's CXMT steps up challenge to global chipmakers - What it means
US chip stocks fell as investors reacted to reported advances by Chinese memory maker CXMT, which plans to launch a new ...
By Dhallo News · October 12, 2026 at 9:15 PM IST
Source: Mint - Markets
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