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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a shift reflecting changing risk appetite, the global technology sector is experiencing intense selling pressure as capital rotates into alternative assets. Investors are increasingly exiting semiconductor and memory stocks due to concerns over ballooning capital expenditure by major tech firms. This sell-off has triggered a 10% plunge in South Korea's Kospi index and a 4% drop in Japan's Nikkei, while SNDK shares fell an additional 14% amid fears of China catching up in the AI race.
According to market data, the decline highlights growing skepticism regarding the long-term returns on massive AI infrastructure investments. The rotation of liquidity toward gold and Bitcoin suggests a strategic move away from high-valuation tech sectors facing increased competition from Chinese firms. This trend has specifically pressured memory manufacturers as market participants reassess the sector's growth trajectory.
Looking ahead, MU stood at 819.66 USD (close July 28, 2026), while SNDK was positioned at 1278.23 USD (close July 27, 2026). Traders will be watching for stabilization at these levels, noting that MU reached a day low of 789.09 USD and SNDK touched 1222.01 USD during recent trading. In the absence of immediate upcoming catalysts, the focus remains on whether these technical supports can hold against further rotation.