08-07-2026 16:27 via businessinsider.com

Memory stocks are getting slammed. Why the year's hottest trade has suddenly fallen apart.

Sheldon Cooper/SOPA Images/LightRocket via Getty ImagesThe party for memory stocks looks over for now, with many names sliding into bear market territory.SanDisk, Western Digital, and SK Hynix are down more than 25% from their recent peaks.The selling has been triggered by fears of AI overspending & higher interest rates.The memory trade seemed unstoppable, until it wasn't.Memory chip stocks have been the hottest trade for much of this year. SanDisk has crushed the S&P 500, with its stag
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