US Chip Stocks Fall Amid China’s CXMT Gains and AI Spending Concerns
Shares of US chip manufacturers, especially memory and data storage companies, dropped due to competitive advances by China's CXMT. The sector faced pressure from fears of rising rivalry and increased AI investment demands. Major firms including Micron Technology, Seagate Technology, SanDisk, and Western Digital experienced significant stock price declines.
ET Markets·


