On Monday, U.S. memory-related stocks extended their decline. SanDisk Corp. plunged more than 13%, while SK hynix dropped over 8% to hit an all-time low since its listing.
Micron Technology fell 7%, pushing its total market capitalization below the $1 trillion mark.
Meanwhile, Western Digital and Seagate Technology PLC also retreated, sliding more than 8% and over 7%, respectively.