Memory Stocks Decline Amid Calls for Slower AI Development

Memory stocks are leading the AI-infrastructure selloff, with Micron Technology down 6% to $916.03, SanDisk falling 6% to $1,531, and SK Hynix declining 7% to $175.98. The move follows weekend commentary from Anthropic and OpenAI CEOs calling for a slowdown in AI capability advancement. The Roundhill Memory ETF is down 7%, while the Invesco QQQ Trust is down 2%. The memory fund is falling several times as hard as the broader NASDAQ 100, indicating concentrated selling in the memory complex.