BlackRock says last week's semiconductor selloff went too far, arguing cheaper AI lifts demand for memory chips from SanDisk and Micron, not less.
SanDisk Corp.
(NASDAQ:SNDK) and Micron Technology Inc.
(NASDAQ:MU) have gone from Wall Street's biggest AI winners to some of its hardest-hit stocks over the past few weeks.
But BlackRock says investors may be drawing the wrong conclusion.
The world's largest asset manager argued Monday that the sharp selloff across technology and semiconductor stocks "is overstated," warning that markets are confusing a shift in AI competition with a collapse in AI investment.
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