🔴 DISK is trading 3.28% down in pre-market as CXMT DRAM progress heightens competition concerns

DISK is trading 3.28% down at $33.00 amid a sharp overnight selloff in semiconductor and memory stocks, as reports of CXMT’s DRAM progress heightened competition concerns. - Reports of Chinese chipmaker CXMT’s progress in denser DRAM technology heightened competition concerns; South Korean chip stocks and the KOSPI fell sharply. - The Tema Memory ETF has significant exposure to memory companies; no DISK-specific announcement was identified.