Analog Devices Slumps as Semiconductor Selloff Spreads; Memory Slowdown at SK Hynix Sparks Sector Retreat
Analog Devices shares plunged in morning trading amid a broader semiconductor rout tied to reports that SK Hynix will slow expansion of high-bandwidth memory in favor of conventional DRAM margins. The selloff swept across chipmakers even though ADI does not produce memory chips; elevated valuations after a sharp rally and a more hawkish Federal Res…