Why Samsung, SK Hynix and CXMT shares are under pressure despite strong AI demand

SCMP TechOctober 13, 2026en

A sharp sell-off in Asian memory chip stocks this week signals growing investor doubts over whether the sector’s AI-driven profit boom can last, even as soaring prices drive strong quarterly earnings across the sector. Shares in market leaders Samsung Electronics and SK Hynix plunged in Seoul on Tuesday, extending a days-long slide that has also swept up Chinese rival ChangXin Memory Technologies (CXMT). Samsung and SK Hynix closed down 7.4 per cent and 10.1 per cent, respectively. The companies...

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