Elon Musk Backs Micron As MU Stock Falls 25%: Is This Memory ETF an AI Stock Bargain?
Elon Musk praises Micron even as the stock is down 25% from its recent peak. Can the DRAM ETF offer a smarter way to play the AI boom?
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QUICK SPARK: Micron, SK Hynix, SanDisk Wipe Out $100 Billion as Memory Rout Worsens
Micron, SK Hynix and Sandisk lost about $108 billion in market value Monday morning after China’s CXMT reported progress on a denser memory-chip design.
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Sandisk stock has declined 11% over three days amid investor panic over Chinese DRAM company CXMT's progress in memory chip technology. However, analysts argue the sell-off is unwarranted since CXMT makes DRAM while Sandisk makes NAND memory—different technologies with limited direct competition. CXMT's products are likely years away from mass production and may not be suitable for AI data centers.
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