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المشهد العربي
Memory chip market declines amid falling semiconductor stocks
The "Round Hill Memory ETF" memory chip fund experienced a sharp decline during Friday's trading session, with its value falling by 3.32% to reach $47.68. This led the market into a bear phase after the decline exceeded 25% compared to the September high and 41% from the peak in June. This drop resulted in a loss of over $700 billion in market capitalization for major companies such as Samsung, SK Hynix, and Micron. The total market value of a group of 61 semiconductor companies is estimated at around $2.5 trillion. Despite strong demand in the artificial intelligence application sector, current restrictions are impacting the market.
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