Micron and Sandisk led a tech selloff on Tuesday, falling more than 13%; Western Digital fell 8%, Marvell 9%, Seagate 5%, Qualcomm 8%, and Applied Materials 8% (Britney Nguyen/MarketWatch)

Techmeme ·

AI-linked chip and memory stocks fell sharply, signaling renewed investor concern over the sector’s valuation and demand assumptions.

Categories: Money & Moves

Excerpt

<a href="https://www.marketwatch.com/story/micron-and-sandisk-lead-a-sharp-tech-selloff-in-a-gut-check-moment-for-ai-stocks-cd92fa5d"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260623/i41.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260623/p41#a260623p41" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Britney Nguyen / <a href="https://www.marketwatch.com/">MarketWatch</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.marketwatch.com/story/micron-and-sandisk-lead-a-sharp-tech-selloff-in-a-gut-check-moment-for-ai-stocks-cd92fa5d">Micron and Sandisk led a tech selloff on Tuesday, falling more than 13%; Western Digital fell 8%, Marvell 9%, Seagate 5%, Qualcomm 8%, and Applied Materials 8%</a></b></span>&nbsp; &mdash;&nbsp; One analyst says investors are merely taking a &lsquo;breather&rsquo; from buzzy tech stocks, following sharp year-to-date gains and ahead &hellip; </p>