On September 14, Silicon Motion Technology fell 6.14% in regular trading to $263.87/share, with turnover of $37.94 million.

On the news front, expectations of a cooling storage chip pricing cycle continued to build. Kioxia CEO explicitly stated that prices have risen enough and instructed his team not to aggressively raise quotes for data center clients to avoid dampening AI investment appetite. Meanwhile, July global storage sales declined 16.3% month-over-month with shipment volumes contracting, intensifying market concerns over demand sustainability despite DRAM and NAND average selling prices rising 8.3% and 9.8% respectively.

The broader semiconductor sector came under significant pressure, with Micron Technology down 6.13%, Intel down 5.69%, AMD down 5.49%, Broadcom down 3.84%, and NVIDIA down 3.09%, amplifying sector-wide correction pressure. As a leading NAND flash controller chip designer positioned at the upstream core of the storage supply chain, Silicon Motion Technology exhibited elevated sensitivity during the prior pricing upcycle, making it a focal point for profit-taking as sentiment reversed.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)