AI stocks slide as Micron drops about 34% in a week
AI-linked equities have been hit hard, with Micron down roughly 34% in a week. Traders are split on whether a relief bounce is coming or the top of the bounce is already in.
What we know
A trader noted Micron has dropped roughly 34% in a week and first expected a relief bounce, then said it looked like the top of the bounce for equities with lower prices likely into year-end. Another trader said the AI trade's central pillar has collapsed and doubted a quick rebound. These are individual trader views, not confirmed reporting.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Micron has dropped roughly 34% in a week”
View post →“central bank of AI just collapsed”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.