Is This Why Memory Stocks Are Plunging?

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Memory stocks plunged on Wednesday along with shares of other hardware providers for AI data centers. The steep drops took many on Wall Street by surprise, given the strong fundamentals for those companies. Highflying Sandisk (SNDK) stock was among the decliners. On the stock market today, Sandisk tumbled 8.1% to close at 1,615. With the drop, the memory-chip maker fell…