Memory Cracks the Megacap Trade: A Global Chip Rout Tests the AI Boom's Foundations
A memory-chip sell-off has gone global overnight: Nasdaq-100 futures are down ~2.6%, Korea's Kospi closed off ~10%, and Micron is indicated down ~8.5% into Wednesday's print. We map the levels that matter, FedEx earnings after the close, and how to read a surgical sell-off versus a systemic one.