Memory Stocks Collapse: SanDisk -13%, SK Hynix -14% — Is It Too Early to Buy the Dip?
The memory sector extended its rout Thursday. SanDisk (SNDK) plunged 12.63% below $1,420, SK Hynix (SKHY) dropped 13.69%, Micron (MU) fell 5.65%, memory ETF DRAM shed 8.82%, while bearish SOXS surged 13%. SeekingAlpha warned that "memory is cyclical and this selloff likely has further to run," with Micron downgraded and flagged as a profit-taking candidate. Iran's threats to block Red Sea shipping lanes further dampened risk appetite. With the supercycle turning from euphoria to relentless deleveraging, do you think memory stocks are ready to bottom, or is it too early to call?
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