U.S. Stocks on the Move | Storage sector broadly declines, SK Hynix (SKHY.US) falls over 5%

Zhito Finance App has learned that on Friday, the storage sector fell broadly, with SK Hynix (SKHY.US) dropping over 5%, SanDisk (SNDK.US), Western Digital (WDC.US), and Seagate Technology (STX.US) falling over 4%, and Micron Technology (MU.US) declining over 3%. The core narrative in the market this week is a marked cooling of AI-related trades. As market concerns over the cost of AI infrastructure buildout continue to heat up, capital is flowing out of the tech sector, leaving chip stocks especially vulnerable.