MACOM, Semtech, and Photronics Shares Plummet on SK Hynix HBM Slowdown Report

Price ActionCommodityMacro Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of MACOM, Semtech, and Photronics fell sharply in afternoon trading after a report that South Korea's SK Hynix is slowing its high-bandwidth memory expansion rattled the AI-chip complex. MACOM dropped 7.2%, Semtech fell 7%, and Photronics declined 7.3%. The underlying report indicated SK Hynix is deliberately slowing its HBM4 ramp to redirect capacity into conventional DRAM, where shortages have pushed operating margins more than 15 points above HBM's, rather than signaling a demand slowdown. The broader sell-off also reflected profit-taking after a parabolic run in memory stocks, with Micron down 11% while logic-heavy Nvidia fell only about 3.6%, as traders priced in 50 basis points of Federal Reserve rate hikes by December under new Chair Kevin Warsh, making debt-funded AI capital expenditure harder to justify at record valuations.

Impact on stocks 7

Semiconductors▼ · 5 stocks
SK Hynix Inc
000660
▼ NegativeSupplyrelevance

SK Hynix is deliberately slowing its HBM4 ramp to redirect capacity into conventional DRAM.

Photronics Inc
PLAB
▼ NegativeDemandrelevance

SK Hynix slowing HBM expansion reduces demand for Photronics' photomasks used in HBM production.

Semtech Corporation
SMTC
▼ NegativeDemandrelevance

SK Hynix slowing HBM expansion lowers demand for Semtech's chips used in HBM modules.

Artificial Intelligence▲ · 2 stocks
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