US memory stocks lead semiconductor declines

Marvell Technology

13/10/2026 10:53

** Shares in US chipmakers fall premarket, set to extend recent slide
** Memory stocks lead declines: Roundhill Memory ETF DRAM.Z slides 4.1%, iShares Semiconductor ETF SOXX.O slip 1.4%
** Micron MU.O, Sandisk SNDK.O lose 2.9% and 3.7%, respectively, while US-listed shares of SK Hynix 000660.KS drop 4.8%
** Nvidia NVDA.O and US-listed shares of TSMC 2330.TW, TSM.N down ~0.6% each
** Marvell MRVL.O declines 2.5%, Applied Materials AMAT.O sheds 1.7%, AMD AMD.O falls 1.2% and Broadcom AVGO.O slips 1%
** Philadelphia SE Semiconductor index .SOX declined 2.7% to a 3-week low on Monday, falling for the fourth straight session in a row
** Asia's chip stocks sold off sharply on Wall Street cues
** Some analysts point to China's CXMT making technological advances that would compete with Samsung and SK Hynix

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))