Memory Stocks Tumble as WTI Tops $100 and Treasury Yields Surge

The Story

News Summary

Memory chipmakers slid as surging Treasury yields and WTI crude crossing $100 per barrel overshadowed JPMorgan's bullish call.
Macro headwinds from higher energy costs and rising rate-hike expectations weighed on broader equity indices despite strong fundamental demand for artificial intelligence hardware.

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100.05 +69.03% over the displayed period

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