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Goldman Sachs' AI Memory Stock Basket Sinks 51% From June Peak, Its Steepest Slide Since ChatGPT Debuted

November 8, 2026 at 17:31 EST

Infra & Chips
Finance

A Goldman Sachs basket of AI memory-related stocks has fallen 51% from its June peak, according to Bloomberg, marking its deepest drawdown since ChatGPT launched.

Deepest drawdown since ChatGPT · AI memory stocks

AI memory stocks fall 51% from June peak

A Goldman Sachs basket of AI memory-related stocks has dropped 51% from its June high, the largest decline since ChatGPT launched in late 2022.

51%

Fall from the June peak to the subsequent low

Largest

Drawdown of this size since ChatGPT's public launch in late 2022

What a 51% drawdown does to the value

Basket value, June peak = 100 units (each block = 5 units)

June peak

100

Subsequent low

About 49

The dashed orange blocks are the roughly half of the peak value that the 51% decline removed.

What the reporting does not yet show

The size of the drop is clear. Its cause and direction are not.

Which companies make up the basket
The exact date of the low point
Whether the cause is company-level, AI spending expectations, or broader markets
Earnings, orders, and pricing data needed to judge the trajectory

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