# Semiconductor Stocks Plunge as CXMT Advances in Memory Tech

> China's CXMT memory tech progress triggers semiconductor selloff with Micron down 3.9% and SOXL off 8.2%.
- Title: Semiconductor Stocks Plunge as CXMT Advances in Memory Tech
- Summary: China's CXMT memory tech progress triggers semiconductor selloff with Micron down 3.9% and SOXL off 8.2%. China's CXMT achieved next-generation DRAM…
- Keywords: cxmt, micron, soxl, semiconductor, drum, memory tech, ai revenue, market capitalization, finance, markets, Stocks, Plunge
- Source: BigGo Finance — https://finance.biggo.com/news/fe4fb088-266f-45df-8c2d-3eb1d215190f
- Author: BigGo Finance
- Published: 2026-10-12T21:35:36+00:00
- Read time: 1 min
- Topics: cxmt, micron, soxl, semiconductor, drum, memory tech, ai revenue, market capitalization, finance, markets
## Semiconductor Stocks Plunge
China's CXMT made technological progress on next-generation DRAM, causing semiconductor stocks to drop 2.67%.
## Micron Falls Below $1,000
Micron Technology dropped 3.87% to $989.21, breaking below the $1,000 level.
## SK Hynix ADRs Drop
SK Hynix American Depositary Receipts fell 4.05% to $162.18.
## Leveraged ETFs Plunge
SOXL dropped 8.16% to $128.36, while RAM fell 8.8%.
## Market Capitalization Loss
Micron, SK Hynix, and SanDisk shed approximately $108 billion in market value.
## CXMT's 4F² Cell Architecture
CXMT's 4F² cell architecture reduces memory cell area to boost density, potentially eroding pricing power for existing manufacturers.
## OpenAI Revenue Concerns
OpenAI's reported annualized revenue of $50 billion fell short of market expectations of $68 billion to $70 billion.
## AI Profit-Taking Pressure
Profit-taking on AI-related stocks emerged as investors questioned data center investments' revenue translation.
## ASML and TSMC Earnings Key
ASML and TSMC earnings this week are expected to determine the semiconductor sector's near-term direction.
## Key takeaway

China's CXMT achieved next-generation DRAM progress, causing semiconductor stocks to drop 2.67% as investors worry about AI revenue and market competition.