Technology

Global Mofy AI Limited (NASDAQ:GMM), formerly known as Global Mofy Metaverse Limited, traded near $2.79 during today’s session, falling 8.75% from the previous close of $3.06. The stock opened at $3.37 but subsequently reversed direction, with the session range extending from $2.73 to $3.37.

GCT Semiconductor Holding, Inc. (NYSE:GCTS) traded near $2.77 during today’s session, down 4.45% from the previous close. The day’s trading range extended from $2.72 to $3.01 before the shares returned to negative territory.

The mechanism connecting AI investment to HDD demand is less obvious than the connection to NAND or DRAM, but it is real. AI model training requires access to enormous datasets — text, images, video, and structured data — stored at low cost per terabyte …

The proximate trigger came from Asia. SK Hynix, the South Korean memory chipmaker and one of Sandisk's closest competitors in advanced NAND flash and high-bandwidth memory, announced a production shift — slowing output of advanced AI chips to reallocate capacity toward commodity DRAM. This …

Micron occupies a uniquely exposed position in the semiconductor supply chain on a day like June 23. As the sole US-headquartered company capable of manufacturing both DRAM and NAND flash at advanced nodes, Micron is simultaneously subject to AI memory demand signals, commodity memory …

Applied Materials (NASDAQ: AMAT) fell 9.56% on June 23, 2026, in a session that simultaneously challenged both the operational demand thesis and the valuation premium that has underpinned the stock's performance over the preceding eighteen months. Applied Materials is the world's largest semiconductor equipment …

The June 23 macro backdrop was unambiguous in its negative implications for Western Digital. SK Hynix's production pivot away from advanced AI chips introduced near-term supply uncertainty into the high-bandwidth memory market while simultaneously signalling that the AI data centre procurement cycle — which …