<div id="readability-page-1"><div>US memory stocks are getting slammed on Tuesday after South Korean policymaker Kim Yong-beom suggested that citizens should get a “national dividend” funded by AI profits.Now, those remarks have since been watered down: South Korea’s “Blue House” (or presidential office) said these remarks reflected the official’s personal views. Kim later indicated that his suggestion referred to excess tax revenues from leading chip giants, rather than any new windfall tax. The Kospi Index, and top weights Samsung and SK Hynix, finished off their lows after this clarification, but the damage still spread stateside.Are Micron, Sandisk, Western Digital, and Seagate Technology Holdings South Korean companies?&lt;checks notes&gt;No, they are not. But they are memory stocks, and this seems to have been enough of a catalyst to throw a wrench into the skyward trend for the cohort. Along with being highly correlated by the nature of their businesses, US memory stocks also recently started to trade in the same vehicle as their South Korean counterparts. The Roundhill Memory ETF — the fastest ever to surpass $6 billion in assets, per Bloomberg Intelligence — holds all of these companies within the same wrapper.The near-parabolic run in these stocks had raised the risk that this group could reverse course for any reason — or no reason whatsoever. (Remember Google’s TurboQuant? I don’t.)</div></div>

Micron surged 4.8% in a single day, pushing its market capitalization past the $900 billion mark; the Memory ETF (DRAM) soared 6.3%, with Western Digital also joining the rally. Meanwhile, 50,000 Samsung employees are potentially poised to strike for 18 days, placing 3% of global memory production capacity at risk. What are your thoughts?

Micron surged 4.8% in a single day, pushing its market capitalization past the $900 billion mark; the Memory ETF (DRAM) soared 6.3%, with Western Digital also joining the rally. Meanwhile, 50,000 Samsung employees are potentially poised to strike for 18 days, placing 3% of global memory production capacity at risk. What are your thoughts?

Memory takes off — Micron crowned at $900B

US memory stocks fell sharply after South Korean policymaker Kim Yong-beom proposed a "national dividend" funded by AI profits. His comments were later clarified by South Korea's Blue House, stating they were personal views and referred to excess tax revenues from chip giants, not a new tax. Despite this clarification, the damage affected US stocks like Micron and Western Digital, which are correlated with South Korean memory stocks. The Roundhill Memory ETF, which includes these companies, has seen rapid growth, raising concerns about a potential reversal in stock trends.

- US memory stocks declined after South Korean official Kim Yong-beom suggested a “national dividend” funded by AI profits, although his remarks were later clarified as personal views and not an official policy.  
- The clarification led to a recovery in South Korea’s Kospi Index and major firms like Samsung and SK Hynix, but the initial impact affected US stocks such as Micron and Western Digital.  
- These US memory companies, while not South Korean, are linked through correlated trading trends and investments, particularly in the Roundhill Memory ETF, which saw rapid asset growth.

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Memory stocks fall after prominent South Korean policymaker floats “citizen dividend” from AI tax revenues