US memory-chip stocks slide over 5% as SanDisk, SK Hynix, Micron fall

The synchronized drop across NAND, DRAM and storage names points to a sector-wide repricing rather than a single-company issue, which matters because memory sits upstream of most AI hardware supply chains. A move this broad suggests traders are reacting to a shared demand or pricing signal rather than idiosyncratic news. For RWA and tokenized-infrastructure watchers, the read-through is indirect but real: memory is a proxy for AI capex sentiment, and capex sentiment tends to move tokenized compute and data-center narratives alongside it. Whether this is a one-day flush or the start of a deeper de-rating in the storage cycle is the open question.