🔴 Global Memory Chips ETF (QBIT.SW) is trading 3.76% down as investors unwind crowded memory-chip trade

QBIT.SW is trading at CHF 16.83, down 3.76%, as investors unwind the crowded global memory-chip trade after SanDisk and Western Digital earnings failed to satisfy exceptionally high expectations.

• Reuters reported sharp declines in both stocks despite strong results, highlighting concerns that robust AI demand may already be priced in.
• The move appears sector-specific: major markets were broadly steady, while memory-chip shares faced profit-taking, leverage concerns, and skepticism about sustaining AI infrastructure spending.