Memory stocks enter another bear market as chip losses near $2.5 trillion
FROM THE WIRE · FINANCE.YAHOO.COM
AI's appetite for memory keeps growing while investors' appetite for memory stocks is shrinking. The Roundhill Memory ETF (DRAM) entered another bear market this week, falling more than 20% from its September rebound high. Losses deepened Thursday, leaving the fund roughly 22%…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe slump in DRAM and memory makers weighs on the entire semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Roundhill Memory ETF (DRAM) fell more than 20% from its September peak.
- 02Samsung, Micron, SK Hynix and Sandisk have lost over $700 billion in combined market value since October 6.
- 03DRAM plunged nearly 45% from June to late July before rallying over 40% into September.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Micron Technology, Inc.—Stale quoteNegative Samsung Electronics Co., Ltd.—Stale quoteNegative SK hynix Inc.—Stale quoteNegative Sandisk Corporation—Stale quoteNegative iShares Semiconductor ETF—Stale quoteNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets