QUICK SPARK: Micron, SK Hynix And Memory Stocks Wipe Out More Than $2 Trillion Since June Highs
Micron, SK Hynix, Samsung and other memory stocks have erased over $2 trillion since June highs as China's CXMT IPO fuels pricing fears.
Memory chip companies have lost a lot of value since June because people worry that new competition from China might make chips cost less. When investors get worried about a company's future earnings, that shows up in the stock price falling.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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