Samsung's record $58B operating profit sparked profit-taking that sent Micron and SanDisk each down 7%, despite their 245% and 635% YTD runs.
Seagate fell 5% and the Roundhill Memory ETF dropped 6%, confirming that the Samsung-driven selloff swept the entire memory and storage sector.
UBS and Bank of America frame the pullback as a healthy reset, with Micron's $50B Q4 guide and an HBM bottleneck through 2027 keeping the bull case intact.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Memory and storage stocks are selling off sharply in early trading Tuesday, reversing Monday's rebound. Micron Technology (NASDAQ:MU) shares are down 7% to $917, SanDisk (NASDAQ:SNDK) stock is off 7% to $1,616, and Western Digital (NASDAQ:WDC) shares are dropping 7% to $537.
Seagate fell 5% and the Roundhill Memory ETF dropped 6%, confirming that the Samsung-driven selloff swept the entire memory and storage sector.
UBS and Bank of America frame the pullback as a healthy reset, with Micron's $50B Q4 guide and an HBM bottleneck through 2027 keeping the bull case intact.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Memory and storage stocks are selling off sharply in early trading Tuesday, reversing Monday's rebound. Micron Technology (NASDAQ:MU) shares are down 7% to $917, SanDisk (NASDAQ:SNDK) stock is off 7% to $1,616, and Western Digital (NASDAQ:WDC) shares are dropping 7% to $537.
4 months ago
