Semiconductor Stocks Sink Over Fears of Increased Competition From China

3-line summary

• Semiconductor stocks fell in early Monday trading, with the PHLX Semiconductor Index declining 2% as fears of increased competition from China spread across the sector, according to the report.
• US-listed shares of Micron and SK Hynix tumbled around 4%, while Nvidia, AMD, Intel, Marvell and Qualcomm also slid; the move followed Alibaba's unveiling of its Qwen3.8-Max AI model and a research firm's note on DeepSeek's cheap new model, per the report.

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