SanDisk (SNDK) and Micron (MU) dropped 9% and 7% after WSJ revealed top tech firms carry $3 trillion in off-balance-sheet AI commitments.
The selloff is pure profit-taking, given that SanDisk entered Tuesday up 653% year-to-date and Micron up 255%, with no memory-specific bad news driving it.
With the 30-year Treasury at a 19-year high, prediction markets give a 97% chance Micron closes Tuesday lower.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Shares of memory chip makers are selling off hard midday Tuesday as investors rotate out of AI hardware. SanDisk (NASDAQ:SNDK) is down 9.1%, Micron Technology (NASDAQ:MU) is down 7.3%, and Western Digital (NASDAQ:WDC) is down 5.3% as of late morning trading.
#micron #NASDAQ #year #technology
The selloff is pure profit-taking, given that SanDisk entered Tuesday up 653% year-to-date and Micron up 255%, with no memory-specific bad news driving it.
With the 30-year Treasury at a 19-year high, prediction markets give a 97% chance Micron closes Tuesday lower.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Shares of memory chip makers are selling off hard midday Tuesday as investors rotate out of AI hardware. SanDisk (NASDAQ:SNDK) is down 9.1%, Micron Technology (NASDAQ:MU) is down 7.3%, and Western Digital (NASDAQ:WDC) is down 5.3% as of late morning trading.
#micron #NASDAQ #year #technology
1 day ago
