Memory chip stocks experienced a sharp sell-off, continuing a global rout that began in Asian markets. The decline is attributed to reports that a state-backed Chinese firm has begun mass-producing key chip-making equipment, fueling fears of increased competition and potential oversupply. [4, 5, 9] This news, coupled with broader concerns about the sustainability of massive AI infrastructure spending and general profit-taking in the semiconductor sector, has led to a significant re-evaluation of memory stock valuations. [7, 10]