Memory stocks were the hottest AI trade — Micron up over 200% this year. Yesterday all fell, $108B gone.Reason is China.…
Memory stocks were the hottest AI trade — Micron up over 200% this year. Yesterday all fell, $108B gone.
Reason is China. Their top memory company CXMT said they made a breakthrough — can make memory cheaper and smaller. If China can make same thing cheaper, prices will fall. That's why Micron, SanDisk, SK Hynix, Samsung all dropped 4-10%.
But this is still early. China not shipping yet, and these stocks already ran a lot so people taking profit. Also Samsung stopped buying its own shares this month, so less support.
For me not end of boom, just a scare. Looks like a chance to buy on dip, but don't go all in at once. For community discussion only, not financial advice.
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