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Micron, SoftBank, ASML stocks fall again
Tech company stocks declined on Tuesday, particularly memory chip companies such as Micron, Broadcom, and Sandisk, amid ongoing investor concerns over intensifying competition in the memory chip market. These declines come as Chinese company CXMT makes progress in developing high-density memory chips, heightening competition with American and Korean firms. However, CXMT still faces technical hurdles in advanced memory types, and its stock closed down by 2.8% on the Shanghai Stock Exchange. This reflects market anxiety over how increasing competition could impact the global balance of supply and demand for memory chips.
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