finance
U.S. Stocks Fall at Open on Memory Chipmaker Declines
Major U.S. stock indexes opened lower after shares of memory chipmakers dropped sharply. The declines raised questions about demand for artificial intelligence hardware.
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U.S. stocks opened lower Monday after shares of memory chipmakers fell sharply. The declines occurred across companies that produce components used in data centers and artificial intelligence systems.
Traders cited the memory chip sector as the main driver of the broader move.
Memory chip stocks led the decline, with several companies posting losses of more than 5 percent in early trading. The selloff followed recent reports of softening demand for certain high-bandwidth memory products used in AI training systems. Market participants said the drop raised questions about the pace of AI-related capital spending by large technology firms.
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