Memory chip stocks weaken; Micron, SK Hynix gains narrow to under 2%

The intraday fade matters more than the headline move: early strength in memory names failed to hold, with SanDisk giving back a 3.5% gain and Micron and SK Hynix compressing to under 2%. That pattern points to sellers using strength rather than a fresh negative catalyst, suggesting positioning is fragile after the sector's run. Memory remains the most cyclical corner of the AI trade, so its inability to hold opening gains can read as a sentiment tell for the broader chip complex. Whether the fade extends into the close or gets bought back is the open question worth watching.