SK hynix Inc. -listed shares were down about 5% in premarket trading.
Rival Samsung Electronics Co. Ltd.
The development raised concerns that Chinese producers could eventually add more supply and challenge established memory leaders including SK hynix, Samsung and Micron Technology Inc. ”He added that Chinese memory makers could affect the global supply-demand balance over time, though they still face technology hurdles in advanced memory such as HBM.
Broader AI Selloff Adds PressureThe weakness extended across global technology stocks. S.
premarket trading, while Sandisk Corp. (NASDAQ:SNDK), Seagate Technology Holdings Plc.
(NASDAQ:STX) and Western Digital Corp. Investors are also weighing concerns about AI financing after the chief executives of Intel Corporation (NASDAQ:INTC) and Broadcom Inc.
