DRAM is trading 11% down today as stalled labor negotiations at Samsung raise the risk of a May 21 strike, potentially removing 3% of global memory supply.
- The labor dispute impacts top fund holdings including Samsung and SK Hynix, extending a pullback from the sector's recent parabolic gains.
- Broader market weakness stemming from hotter CPI data and escalating Middle East tensions adds further downward pressure as the Nasdaq falls 1.73%.