Apple-China Memory Sourcing Rumors Drag Memory Stocks

Memory stocks slid after weekend reports that Washington may allow Apple to source DRAM from CXMT and NAND from YMTC in China ahead of Xi’s U.S. visit. SanDisk fell about 9%, Micron around 7%, and Western Digital about 7% as the Roundhill Memory ETF also declined, signaling broad sector weakness. Analysts characterized the move as an overreaction given CXMT’s limited qualification for Apple products and YMTC’s current domestic allocations, while no formal policy decision has been announced — investors should watch for Xi-visit headlines and potential further gaps in this highly beta group.