U.S. stocks move: Popular chip stocks mostly decline; SanDisk (SNDK.US) drops over 17%, with market value shrinking by more than 50% this month

Zhihu Finance APP reported that on Tuesday, popular chip stocks broadly declined. Micron Technology (MU.US) fell over 12%, SanDisk (SNDK.US) dropped more than 17%, and their market capitalization in July has fallen by half from its peak; SK Hynix (SKHY.US) fell nearly 10%, TSMC (TSM.US) dropped over 4%, and NVIDIA (NVDA.US) shed more than 1%. On Wednesday, the market will usher in a "real-time" Federal Reserve interest rate meeting (with no pre-set policy direction and a rate hike probability as high as 35%). In addition, major technology companies are set to release earnings after the bell on Wednesday and throughout Thursday. The confluence of these events has generally dampened risk appetite in the market. In terms of news, media revealed that NVIDIA is reportedly negotiating to provide a $250 billion financial guarantee for an OpenAI project to build a data center in Ohio, and may further provide financing for the purchase of chips required for the facility, with the potential scale reaching an additional $350 billion. This move has heightened concerns in the market over the soaring expenditures by large technology companies in data centers, chips, and computer memory.