From mint · A Ksheerasagar · · 1m 20s
Nvidia Shares Drop as CXMT Challenges Global Chipmakers
China's CXMT threatens global chipmakers with new server memory product by 2026.
In brief
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 announced a new server memory product targeting 2026 launch. Originally reported by mint.
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.
The bottom line
Nvidia, Micron, and SK Hynix shares fell up to 5% after China's CXMT announced a new server memory product targeting 2026 launch.
