Here comes the good news! Before the U.S. stock market opened, memory chips surged!
[Introduction] Finally got some good news. Reporter Taylor from China Fund News. Hello everyone, here’s an urgent piece of good news. There may be no need to be so pessimistic over the weekend. Before the U.S. stock market opened, memory chips rebounded across the board and rose. On the evening of July 17, before the U.S. stock market opened, the memory chip sector was recovering across the board! Among them, SanDisk's stock price has recovered from a 7% decline and is now up about 1%. Micron Technology once plummeted about 5%, and its current stock price is basically flat. SK Hynix once fell nearly 4% and is now up about 4%! The decline in Nasdaq futures also narrowed significantly.
[Introduction] Finally got the good news China Fund News reporter Taylor Hello everyone, I have an urgent piece of good news. There may be no need to be so pessimistic over the weekend. Before the U.S. stock market opened, memory chips rebounded across the board and rose. On the evening of July 17, before the U.S. stock market opened, the memory chip sector was recovering across the board! Among them, SanDisk's stock price has recovered from a 7% decline and is now up about 1%. Micron Technology once plummeted about 5%, and its current stock price is basically flat. SK Hynix once fell nearly 4% and is now up about 4%! The decline in Nasdaq futures also narrowed significantly. Prior to this, global chip stocks collectively plummeted on Friday, and the global artificial intelligence boom that has lasted for many years once again caused investors to worry about excessive valuations and the sustainability of capital expenditures. South Korea's leverage-driven boom has led to record market volatility, factors that have heightened investor concerns. Some analysts pointed out that Micron Technology has become "the most important stock in the market". It is not only an important participant in the AI industry chain, but also a key benchmark for measuring AI market conditions and market risk appetite. (