🚨 US MEMORY STOCKS ARE CRASHI

🚨 US MEMORY STOCKS ARE CRASHING

$1 Trillion has been wiped out from US stocks in the last 3 hours, and 50% of that came from just 6 memory stocks.

US memory stocks are crashing on news that China has begun producing its own DUV chipmaking machines.

Investors worry China can now build more chip factories on its own, adding supply and pushing memory chip prices down, exactly the prices that have been driving these stocks higher all year.

- Nvidia: -4.37%, $300B wiped out

- SK Hynix: -9.48%, $95B wiped out

- Micron: -4.69%, $82B wiped out

- SanDisk: -10.42%, $26B wiped out

- Western Digital: -5.93%, $21B wiped out

- Seagate: -5.59%, $17B wiped out

In total, $541 billion has been wiped out from just these 6 memory stocks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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