{
  "id": 14097478,
  "title": "AEM shares down 6% as global chip stocks slide",
  "url": "https://urgent.news/2026/10/13/aem-shares-down-6-as-global-chip-stocks-slide",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T02:19:19.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/aem-shares-down-6-global-chip-stocks-slide"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "The counter falls as low as S$10.14, retreating S$0.65 from its Monday close",
  "key_points": [
    "AEM shares dropped 6% on Tuesday, October 13th",
    "Global chip stocks experienced a downward trend",
    "Analyst cited AI-related selling pressure and trading range break"
  ],
  "editors_take": "The decline in AEM shares reflects a broader retreat from AI-related equities as semiconductor stocks break below recent trading ranges and face widespread selling pressure across global markets.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}