AI Star Stocks Experience Collective Deep Correction, with Surge in Margin Calls for MU, Toshiba, and SNDK

BlockBeats News, July 2nd, Last night and this morning, due to the news of Meta's business pivot, AI celebrity stocks collectively experienced a deep pullback. The amount of stock contract liquidations on tradfi surged.

According to Coinglass data, in the past 12 hours, Micron stock contracts across the network saw long liquidations totaling $6.07 million, DRAM ETF contracts on trade.xyz saw long liquidations of $5.67 million, SK Hynix saw network-wide liquidations exceeding $7 million, SNDK liquidations exceeded $3 million, and the AI Leveraged ETF SOXL saw liquidations of $2.75 million.