Why are Micron, SanDisk, SK Hynix and other memory stocks falling?
4 Articles
4 Articles
Why are big chip stocks under pressure? SK Hynix, AMD, Intel, Nvidia fall up to 6.5%; is the AI rally losing steam?
SK Hynix, Micron, and AMD faced declines of up to 6% on September 10 as profit-taking followed recent highs. Escalated tensions in West Asia and a surprising increase in August's Producer Price Index raised inflation worries ahead of upcoming Federal Reserve meetings.
Why are Micron, SanDisk, SK Hynix and other memory stocks falling?
Memory stocks fell sharply on Thursday as a jump in oil prices intensified broader market concerns about inflation and higher interest rates, weighing on high-beta technology shares. Micron Technology MU and SanDisk each fell about 4%, while SK Hynix dropped more than 5%. Seagate Technology declined 2.3%, and Western Digital was down about 3.7%. The selling came as the broader market also weakened. The S&P 500 and Dow Jones Industrial Average we…
SanDisk Shares Fall 3.2% Amid Memory Chip Pullback After Stock's 630% Surge In 2026 This Week Ahead Of Q1
SanDisk's stock surged over 630% in 2026 due to AI-related NAND flash memory demand, despite a recent pullback. The company forecasts strong future growth with new business agreements and strategic shifts.
US stock markets fell in early trading on Thursday, as oil prices continued to rise while the latest inflation statistics strengthened expectations that the Fed will raise interest rates.
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