GoKawiilMemory chip stocks slide as CXMT advance and 2029 glut warnings spook investors
SK Hynix, Samsung and Micron shares fell sharply this week, with SK Hynix down 26%, Samsung 22% and Micron 11% over five days. The drop followed China's CXMT unveiling a new server memory architecture, plus a South Korean newspaper opinion piece urging Seoul to prepare for a potential slowdown in AI-driven memory demand and a possible oversupply by 2029.