From Startup Fortune · · 1m 30s
Chip Stocks Hit 8-Day Losing Streak Since 2008
Semiconductor stocks drop for eight straight sessions, wiping $2 trillion market value.
In brief
Semiconductor stocks drop for eight straight sessions, wiping $2 trillion market value. Chip stocks have fallen for eight consecutive sessions since October 17, matching the worst losing streak since the 2008 financial crisis. Originally reported by Startup Fortune.
Semiconductor Stocks Fall for Eight Sessions
Semiconductor stocks have fallen for eight straight sessions through October 17, wiping out roughly $2 trillion in market value.
Philadelphia Semiconductor Index Skids
The Philadelphia Semiconductor Index just notched its longest skid in eighteen years.
Key Chip Stocks Drop
AMD fell 5.95%, Intel dropped 5.79%, Micron slid 5.63% and Broadcom lost 4.52% on the session.
Equipment Makers Also Decline
Equipment makers KLA, Lam Research and Applied Materials all fell between 4.8% and 5%.
SOX Loses 12% in Seven Sessions
According to data cited by Capital.com and Stocktwits, the SOX has shed more than 12% over the past seven sessions.
China's Memory Chip Progress
CXMT, a Chinese memory maker based in Hefei, outlined a new 4F² DRAM architecture at an industry conference.
CXMT's 4F² Architecture
The design shrinks the footprint of each memory cell compared with the 6F² architecture, raising cell density by 30% to 50%.
CXMT's Timeline for 4F²
CXMT says it plans to ship next-generation DDR5 server memory using the technology by the end of 2026.
Impact on Chip Stocks
Micron and SK Hynix stocks slipped on the news, per Stocktwits, as memory pricing faces pressure.
The main idea
Chip stocks have fallen for eight consecutive sessions since October 17, matching the worst losing streak since the 2008 financial crisis.
