Memory Chip Stocks

Chip Selloff Deepens After Google Touts Memory Breakthrough

(Bloomberg) -- Memory chip stocks extended their losses on Thursday after Alphabet Inc.’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence development.SK Hynix Inc. and Samsung Electronics Co., South Korean leaders in the market, fell more than 6% and about 5% in Seoul. In the US, Micron Technology Inc., Western Digital Corp. and Sandisk Corp. slid more than 2% in pre-market trading, after they all closed lower on Wednesday. Memory