On July 13, Silicon Motion Technology fell 5.75% in regular trading, trading at $306.465/share, with turnover of $23.47 million. The memory and storage sector came under renewed selling pressure.

On the news front, SK Hynix ADR debuted on NASDAQ on July 10 with a massive $26.5 billion offering, setting a new record for foreign company IPO fundraising in the US market. Investors are concerned that this large-scale listing will continue to divert capital that would otherwise flow into existing US-listed memory stocks. The concern is compounded by elevated market rhetoric around an AI hype bubble, triggering sustained selling across the storage sector. Sector peers declined broadly, with Micron Technology down 6.38%, Intel down 4.65%, AMD down 4.35%, Broadcom down 2.77%, and NVIDIA down 1.08%, reflecting clear sector-wide downward momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)