US memory stocks lead semiconductor declines

Marvell Technology

13/10/2026 15:06

Updates
** Shares in US chipmakers fall in early trading, set to extend recent slide
 ** Semiconductor stocks lead declines: Roundhill Memory ETF DRAM.Z slides 4.6%, iShares Semiconductor ETF SOXX.O slips 1.4%
 ** Some analysts point to China's CXMT making technological advances that would compete with Samsung and SK Hynix
 ** Micron MU.O, Sandisk SNDK.O lose 4.3% and 3,8%, respectively, while US-listed shares of SK Hynix 000660.KS drop 4.6%
 ** Nvidia NVDA.O and US-listed shares of TSMC 2330.TW, TSM.N down ~0.6% each; Intel INTC.O sheds 1.1%
** Marvell MRVL.O declines 2.1%, Applied Materials AMAT.O sheds 3.5% and AMD AMD.O falls 1.2% 
 ** Philadelphia SE Semiconductor index .SOX declines 1.6% to an over 3-week low and on track to fall for a fifth straight session
 ** Asia's chip stocks sold off sharply on Wall Street cues
     

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