Shares of Micron, SK Hynix, and Western Digital dropped after Chinese chipmaker ChangXin Memory Technologies (CXMT) announced progress on a denser server memory chip design targeting the lucrative AI-driven market. CXMT aims to launch this new product by the end of 2026, challenging established players who have benefited from strong pricing and demand in server memory. While Micron reported strong recent earnings and expects continued demand growth, the market now watches whether CXMT can successfully ship and qualify its product. Investors should monitor CXMT's progress as it could disrupt the memory sector dynamics.
Micron trades at USD 983.50, down 4.42% as of Oct 12, 2026 21:51 WIB on Pluang. SK Hynix also fell 4.28% to USD 161.79, while Western Digital dropped 2.55% to USD 387.14. These declines reflect investor caution in the memory sector amid new competition from CXMT's chip design progress.
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