🔴 Acm Research is trading 5% down on October 13 as CXMT chip progress renews competition concerns

Acm Research is trading at $64.75, down 4.91% on October 13, as semiconductor stocks face pressure.

• CNBC reports the selloff followed Chinese memory-chip maker CXMT’s announcement of progress on denser chip designs, renewing competition concerns across the sector.
• Semiconductors are down 2.68%; no clear company-specific catalyst for Acm Research was identified.