Samsung Electronics and SK Hynix are experiencing significant declines in early trading, with shares dropping 8% and 11%, respectively, following a sharp downturn in the U.S. semiconductor market.
As of 9:40 a.m. on July 16, Samsung's stock was trading at 257,000 won, down 22,500 won (8.05%) from the previous trading day. At the same time, SK Hynix shares fell to 1,852,000 won, a decrease of 230,000 won (11.05%).
The decline in the U.S. market, where the Philadelphia Semiconductor Index fell by 2.08%, has dampened investor sentiment. While major U.S. indices closed higher, buoyed by gains in big tech and financial stocks, semiconductor shares faced heavy profit-taking.
Micron Technology saw a steep drop of 8.02%, while other semiconductor and AI infrastructure stocks, including AMD (-3.46%), Intel (-4.43%), Marvell Technology (-7.27%), Dell Technologies (-9.80%), Western Digital (-8.78%), and SanDisk (-8.13%), also experienced significant losses.
Market analysts suggest that a report from Reuters indicating that AI cloud company CoreWeave is considering a hedging strategy in response to falling memory prices has raised concerns about a peak in memory market conditions. Additionally, delays in AI data center construction in some U.S. regions due to local opposition, along with the disappointing IPO pricing of China's largest DRAM manufacturer, CXMT, have further weakened investor confidence.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.