Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom
CNBC Television·2026-07-29 16:30

Yeah, SKH Highix, to your point, posted explosive growth, revenue, and operating profit well over 250% year-over-year, but still came in short of the street's aggressive estimates. But like Micron, the company talked up 10 year 10 long-term deals, locking in customers, spoke to pricing improving. The one thing that may have nagged investors, management said the memory shortage can't last forever, and they're moving to expand supply.And so that is a constant worry for a lot of investors. Elsewhere within chi ...

Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom - Reportify