Woofun AI data shows that the Nasdaq 100 experienced an intraday decline of over 0.4%, accompanied by a significant downturn in the US stock storage sector. Sandisk shares fell by 6.8%, Seagate Technology dropped 5.1%, and Western Digital decreased by 4.5%, while Micron Technology declined 2.11%.

The new memory ETF KMEM fell 4.5%, with its portfolio heavily weighted toward key storage chip manufacturers. SK Hynix comprises approximately 41.53% of holdings, followed by Micron at 19.85% and Samsung Electronics at 18.81%. Sandisk and Western Digital account for 3.64% and 3.4% respectively.