Global chip stocks have lost roughly $2.7 trillion in market value since the PHLX Semiconductor Index (^SOX) peaked on June 22.
Wall Street still expects Micron (MU), Nvidia (NVDA), and the rest of the industry to generate about $700 billion in profit in 2027.
The damage from the recent stock weakness has spread from Micron and Nvidia to Samsung (005930.KS) and SK Hynix (SKHY), which just debuted in the US on Friday, even as earnings estimates keep climbing.
Micron offers the most dramatic example. The memory maker, whose stock fell more than 4% over the past month, is projected to earn $83 billion in fiscal 2026 and $176 billion in fiscal 2027, according to Bloomberg consensus estimates, after earning about $9 billion in fiscal 2025.
The surge reflects AI's growing appetite for advanced memory.
Wall Street still expects Micron (MU), Nvidia (NVDA), and the rest of the industry to generate about $700 billion in profit in 2027.
The damage from the recent stock weakness has spread from Micron and Nvidia to Samsung (005930.KS) and SK Hynix (SKHY), which just debuted in the US on Friday, even as earnings estimates keep climbing.
Micron offers the most dramatic example. The memory maker, whose stock fell more than 4% over the past month, is projected to earn $83 billion in fiscal 2026 and $176 billion in fiscal 2027, according to Bloomberg consensus estimates, after earning about $9 billion in fiscal 2025.
The surge reflects AI's growing appetite for advanced memory.
3 months ago
