A new disclosure shows the president's accounts bought one of the market's hottest AI stocks. It's falling today.

A deepening sell-off in chip and memory stocks dragged all four major U.S. equity indexes lower by midday Tuesday.

SK Hynix is bringing one of the biggest memory deals in years to Nasdaq, with plans to raise close to $29 billion through American Depositary Receipts tied to its DRAM and high‑bandwidth memory franchise.

Western Digital (WDC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Memory and storage stocks are selling off sharply in early trading Tuesday, reversing Monday's rebound.

Recent intraday volatility wiped $137 billion across top memory equities, triggering premature retail investor panic over an impending artificial intelligence (AI) hardware supply glut. The brutal sell-off hit the semiconductor sector after an extended run, prompting many market participants to question whether the memory boom had stretched too far and too fast.

The AI trade is off to a strong start this week, with several chip and memory stocks among the biggest gainers in the S&P 500 and Nasdaq on Monday.

Memory names are ripping higher in early Monday trading. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) stock is up 5% to $1,836, Western Digital (NASDAQ:WDC) shares are up 5% to $565.33, and Micron Technology (NASDAQ:MU) stock is up 3% to $1,008.77.

Western Digital and Sandisk are rising as the artificial-intelligence trade regains momentum.

The memory giant SanDisk (NASDAQ: SNDK) has been on a relentless rally since getting spun off from Western Digital (NASDAQ: WDC) in early 2025 and is among the top-performing stocks in the last 12 months.