** Shares of memory-chip maker Micron Technology MU.O fall 3.6% to $105.35 premarket
** South Korean rival SK Hynix 000660.KS warns of steeper demand declines in commodity memory chips even as it forecast sales for its high-end semiconductors used in generative AI chipsets would more than double this year
** AI chip giant Nvidia NVDA.O, a SK Hynix customer, also slips nearly 2% after rising 4.4% the prior day
** Broadly, semiconductor stocks are retreating after a rally on Wednesday sparked by U.S. President Donald Trump unveiling a $500 bln dollar investment to bolster AI infrastructure
** VanEck Semiconductor ETF SMH.O down 1.3% on Thursday after hitting a 6-month high in previous session
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.