MarketPR
SanDisk and Micron shares are falling as a rotation trade gathers steam, pulling money out of memory stocks and into other parts of the market.
Bank of America said supply shortages should limit the damage for both names.
The bank also highlighted that SanDisk's shift toward a contract-based business model could eventually drive most of its annual revenue — a structural change that alters the investment case well beyond the current selloff.
Rotation Trade Hits Memory Names Indiscriminately The memory sector is absorbing the weight of a rotation trade that is sending investors toward different corners of the market.
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