Apple’s Tim Cook just dropped a bombshell: memory chip shortages are hitting hard, forcing price hikes he called a “one-hundred-year flood,” fueling AI server demand from Nvidia and Microsoft. While stocks like Micron and Sandisk plunged 30-46% amid fears of tech overinvestment, strategist Adam Turnquist says the sell-off may be overdone — technical signs point to a potential bottom, as underlying AI demand remains rock solid.
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