Changxin Memory Technologies

The NASDAQ weakened as memory stocks came under pressure after fresh progress from China’s ChangXin Memory Technologies. The S&P 500 eased near historic highs as rising oil prices lifted energy shares, while the Dow Jones advanced on demand for consumer and financial stocks.

Global investors are lining up for major artificial intelligence infrastructure listings, with SK Hynix and CXMT preparing large offerings that underscore the scale of capital chasing semiconductors and memory chips. The rush into AI linked equities is intensifying concerns that crypto assets, including Bitcoin, could remain sidelined as liquidity concentrates in technology infrastructure.