AEM shares down 6% as global chip stocks slide
The counter falls as low as S$10.14, retreating S$0.65 from its Monday close
AEM shares experienced a decline of 6% on Tuesday, October 13th, as global chip stocks faced a downward trend. The stock dropped to a low of S$10.14, a decrease of S$0.65 from its previous close on Monday. This decline mirrored the broader drop in global chip stocks, with shares of major customers, such as Intel, falling by 3.2%.
Other affected companies included SanDisk, which saw a 6% drop, and Micron, which experienced a 3.9% decline. The US gauge of chipmakers also saw a 2.7% decrease on Monday. The Chinese memory maker, CXMT, fell by 3.3% in Shanghai, while SK Hynix shares decreased almost 4% in early trading in South Korea. AEM had previously secured a major memory chip customer in one of the world's top three producers, which included Samsung Electronics, Micron Technology, and SK Hynix.
Analyst Chris Weston from Pepperstone noted the ongoing selling pressure on AI-related equities and the break below recent trading ranges for semiconductor stocks. AEM's shares increased by 487% in value throughout 2025, primarily due to the AI trade.
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