🔴 Global Memory Chips ETF (QBIT.SW) is trading 4.43% down after SanDisk and Western Digital earnings reactions

QBIT.SW is trading at CHF 17.48, down 4.43%, after SanDisk and Western Digital earnings reactions triggered a sharp memory-chip selloff on August 6.

• SanDisk and Western Digital both fell heavily as concerns about expensive AI infrastructure spending, stretched valuations, and uncertain returns pressured memory and semiconductor shares.
• Broader technology weakness and rotation toward traditional industrials added selling pressure as investors awaited the August 7 employment report.