Micron Lags Despite NVIDIA’s $279B Memory Commitment; Western Digital Drops 4%, SK Hynix Ticks Up
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The post Micron Lags Despite NVIDIA’s $279B Memory Commitment; Western Digital Drops 4%, SK Hynix Ticks Up appeared first on 24/7 Wall St..
The memory trade is unwinding on Thursday even as the broader semiconductor complex trades higher, a split that captures a classic case of great news landing into a crowded and heavily extended position. The Roundhill Memory ETF (CBOE:DRAM) is down 0.9% to $55.87 at midday, with the fund’s top weights concentrated in Samsung, SK Hynix (NASDAQ:SKH
The memory trade is unwinding on Thursday even as the broader semiconductor complex trades higher, a split that captures a classic case of great news landing into a crowded and heavily extended position. The Roundhill Memory ETF (CBOE:DRAM) is down 0.9% to $55.87 at midday, with the fund’s top weights concentrated in Samsung, SK Hynix (NASDAQ:SKH
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