🔴 DISK is trading 3.3% down today amid concerns over CXMT's denser DRAM design

DISK is trading 3.31% down now at $29.50, as memory-sector selling continues amid concerns about competition from China’s CXMT and its denser DRAM design.

• Reports describe a wider chip-stock selloff; hotter-than-expected U.S. inflation is also weighing on technology shares through renewed rate-hike and borrowing-cost concerns.
• The Nasdaq is down 0.68%, the S&P 500 is down 0.02%, and the Dow is up 0.67%, pointing mainly to memory-sector pressure rather than a broad market decline.