🔴 Memory Chip ETF (MU.TO) is trading 7.27% down as Intel outlook and memory costs hit chipmakers

MU.TO is trading at CA$38.02, down 7.27%, as semiconductor weakness followed Intel’s soft fourth-quarter outlook and concerns that high memory costs could slow PC demand. - Weak results and rising AI expenditure at major tech companies renewed doubts about returns on AI investment, weighing on chipmakers broadly. - The decline extended to memory peers, including sharp losses in South Korean chip stocks.