SMH is trading at $581.10 (-1.67%) as China’s CXMT reportedly advances denser memory technology and plans a new server-memory product, raising competitive and supply concerns. - Broadcom CEO Hock Tan warned that financing and capital costs could constrain AI infrastructure expansion; his comparison of AI investing to a casino added to worries about stretched valuations. - South Korea’s KOSPI fell 5.5%, with SK Hynix down 10% and Samsung down more than 7%.