Stocks of Memory Chip Manufacturers See Red as Supply Shortages Ease
Stocks of memory chip manufacturers fell sharply this week as new signals suggested that the global shortage of memory chips may begin to ease. The decline wiped out nearly $100 billion in market value across major U.S. companies, showing how sensitive the sector has become to changes in expectations around artificial intelligence. The biggest hit was taken by Micron Technology, which lost more than $70 billion in value in just a few days. Other companies, including SanDisk, Western Digital, and Seagate Technology, also saw their shares drop significantly. These companies had been among the top performers over the past year,…