Perpetual contracts for AI-related stocks plunge sharply in early hours

Huo Xing Finance reports that, according to market data, between 05:22 and 05:32 Beijing time on October 18, the perpetual contracts of several U.S. AI-themed stocks experienced a brief sharp decline before recovering. Specifically: Western Digital (WDC) fell as much as 7.03%, hitting a low of $298.70, and is now trading at $318.65; Nebius (NBIS) dropped as much as 6.97%, reaching a low of $155.12, and is now trading at $165.29; Applied Optoelectronics (AAOI) declined as much as 6.93%, touching a low of $70.52, and is now trading at $74.28; IREN (IREN) fell as much as 6.92%, hitting a low of $25.17, and is now trading at $26.63; Micron (MU) dropped as much as 6.32%, reaching a low of $818.57, and is now trading at $864.76; SK Hynix (SKHY) declined as much as 6.30%, touching a low of $127.68, and is now trading at $135.14; SanDisk (SNDK) fell as much as 6.10%, hitting a low of $1,215.35, and is now trading at $1,269.35; CoreWeave (CRWV) dropped as much as 5.87%, reaching a low of $57.55, and is now trading at $60.40; SpaceX (SPCXUSDT) declined as much as 3.50%, touching a low of $140.46, and is now trading at $145.14.