# Nvidia Shares Drop as CXMT Challenges Global Chipmakers

> China's CXMT threatens global chipmakers with new server memory product by 2026.
- Title: Nvidia Shares Drop as CXMT Challenges Global Chipmakers · mint
- Summary: China's CXMT threatens global chipmakers with new server memory product by 2026. Nvidia, Micron, and SK Hynix shares fell up to 5% after China's CXMT…
- Keywords: nvidia, micron, sk hynix, cxmt, server memory, 2026, chips, stock market, news, india, Shares, Drop
- Source: mint — https://livemint.com/market/stock-market-news/nvidia-micron-sk-hynix-shares-slump-up-to-5-as-chinas-cxmt-steps-up-challenge-to-global-chipmakers-what-it-means-11791819024051.html
- Author: A Ksheerasagar
- Published: 2026-10-12T15:45:03+00:00
- Read time: 1 min
- Topics: nvidia, micron, sk hynix, cxmt, server memory, 2026, chips, stock market, news, india
## US chip stocks fall
Nvidia, Micron, and SK Hynix shares slump up to 5% as investors react to China's CXMT advances.
## CXMT targets 2026 server memory launch
CXMT plans to launch a new server memory product by the end of 2026, according to company president Cao Kanyu.
## 4F squared design innovation
CXMT's 4F squared design increases storage density by allowing more cells per chip.
## VSG transistor technology
CXMT's proprietary Vertical Surrounding Gate transistor reduces leakage and increases storage density.
## CXMT's manufacturing progress
CXMT's fifth-generation DRAM platform entered mass production, narrowing gap with global leaders.
## Oil prices rise amid Middle East tensions
Crude oil prices rose 2% to $106.81 a barrel after Saudi airport attack in Riyadh.
## Houthi attack on Riyadh airport
Houthi militants attacked King Khalid International Airport in Riyadh, killing 12 people.
## Market reactions
Nvidia fell 2% to $224.90, while Broadcom, AMD, and Intel declined 1.2%, 3.3%, and 3.6% respectively.
## Key takeaway

Nvidia, Micron, and SK Hynix shares fell up to 5% after China's CXMT announced a new server memory product targeting 2026 launch.