Memory and optical-chip stocks outperformed despite broad market weakness, reflecting growing expectations that AI infrastructure demand could intensify memory shortages. Musk’s comments and US concerns over Apple’s potential China sourcing further supported the sector. Meanwhile, the S&P 500, Nasdaq and Dow declined modestly as renewed shipping uncertainty and oil prices above $90 raised concerns over inflation and economic risks. The divergence highlights strong AI-related demand amid a more cautious macro backdrop.