The Zhitong Finance App learned that on Friday, memory chip concept stocks generally fell, with SK Hynix (SKHY.US) and SNDK.US (SNDK.US) falling more than 4%, Micron Technology (MU.US) and Western Digital (WDC.US) falling more than 3%, and Seagate Technology (STX.US) falling more than 2%. According to the news, on July 21, Morgan Stanley analyst Shawn Kim released a report warning that the AI-driven storage industry carnival is nearing an inflection point, and memory contract prices are expected to peak in the fourth quarter. This bearish report was cited as the trigger for the sharp decline in Korean semiconductor stocks.

The Zhitong Finance App learned that on Friday, memory chip concept stocks generally fell, with SK Hynix (SKHY.US) and SNDK.US (SNDK.US) falling more than 4%, Micron Technology (MU.US) and Western Digital (WDC.US) falling more than 3%, and Seagate Technology (STX.US) falling more than 2%. According to the news, on July 21, Morgan Stanley analyst Shawn Kim released a report warning that the AI-driven storage industry carnival is nearing an inflection point, and memory contract prices are expected to peak in the fourth quarter. This bearish report was cited as the trigger for the sharp decline in Korean semiconductor stocks.