Memory stocks got absolutely rekt in July 📉
After peaking in June, the sector just experienced crypto-level bloodbath:
Micron: -34.5%
SanDisk: -53.5%
DRAM ETF: -41%
Welcome to volatility, TradFi. This is what we deal with every cycle in crypto.
If you're used to holding through $BTC -80% drawdowns, these numbers look like a Tuesday.
Memory was the AI hype play. Now reality hits. Reminds me of when altcoins pump 10x then give back 90%. Same pattern, different asset class.
Are we seeing rotation out of semis into something else? Or is this just profit-taking before the next leg? 🤔
After peaking in June, the sector just experienced crypto-level bloodbath:
Micron: -34.5%
SanDisk: -53.5%
DRAM ETF: -41%
Welcome to volatility, TradFi. This is what we deal with every cycle in crypto.
If you're used to holding through $BTC -80% drawdowns, these numbers look like a Tuesday.
Memory was the AI hype play. Now reality hits. Reminds me of when altcoins pump 10x then give back 90%. Same pattern, different asset class.
Are we seeing rotation out of semis into something else? Or is this just profit-taking before the next leg? 🤔