DRMP is trading 9% down today, extending a steep slide in memory-chip and AI-linked names as geopolitical tensions trigger a broad market retreat.
- The semiconductor ecosystem is facing heavy profit-taking following a prolonged AI rally, compounded by investor fears that chip sector earnings may have peaked.
- Escalating conflict between the U.S. and Iran around the Strait of Hormuz has sparked a global risk-off move, accelerating the rotation out of high-growth technology stocks.