Memory stocks continue to sell off. Is it the bottom pit now or there is still room to drop?

PawsAndProfits
00:58

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.

The market continue its broad sell off of the tech sector into second day of this trading week. Seems like no micro sector is spared from this bloodbath. Is this the end of the bleeding, or there is much more to come? I would stay out of the tech sector for now, and wait for industrial/whales money to flow back.

@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]  

SanDisk Crashes 14% — Do China's New Trade Barriers Kill the Flash Story?
SanDisk plummeted 14.25% Tuesday and extended losses another 3.23% after hours, as sector peer Western Digital faced reports of new Chinese market barriers, layered on top of SK Hynix's revenue miss — prompting traders to declare "the AI memory trade is unraveling." Options implied volatility surged sharply, signaling markets pricing in major two-way swings ahead of earnings, while a 43x P/E multiple against a 7x forward estimate creates a stark valuation disconnect. With narrative and valuation in open conflict, is this selloff an overreaction or the first crack in a collapsing bubble?
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