$Kurv Memory Select ETF(KMEM.US) fell -15% on its debut day. Its heavy holdings are exactly storage manufacturers like SK Hynix, Micron, and Samsung, which just happened to coincide with selling triggered by concerns that storage price hikes had peaked. This is like getting hit with a sector-wide slump right out of the gate.
$Corgi Lithography & Smcndctr Phtncs ETF(EUV.US) dropped eight points, weakening alongside the lithography chain represented by ASML amid negative news about export controls. The way these two thematic ETFs fell indicates that this round of semiconductor selling is systematic—from storage to lithography equipment, the entire chain is being repriced together; it's not a problem with any single stock.
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