SK Hynix, Micron Tumble 13% and 9% on Chinese Memory Chip Fears
Updated
Updated · The Motley Fool · Jul 15
SK Hynix, Micron Tumble 13% and 9% on Chinese Memory Chip Fears
3 articles · Updated · The Motley Fool · Jul 15
Summary
SK Hynix sank 13.2% and Micron fell 9.4% by midday, leading a semiconductor selloff that erased much of Wall Street’s early inflation-driven rally.
Chinese memory-chip competition fears hit the sector broadly, pulling Nvidia down 2.2% and AMD 6.4% after traders had initially cheered softer June price data.
Wholesale prices fell 0.3% in June—the first monthly drop since August 2025—and July rate-hike odds dropped to 17% from 42%, but that support was outweighed by chip weakness.
The Nasdaq was still up 0.28% at 12:15 p.m. ET after rising as much as 0.8% earlier, while the S&P 500 faded to 0.1% and the Dow held a 0.3% gain.
The reversal extended a volatile week for chip shares, underscoring how sector-specific headlines are overpowering broader relief over cooling inflation.