The Roundhill Memory ETF fell 15% on June 5, 2026, after a two-day 20% drop driven by concerns over AI semiconductor demand and rising interest rates. Broadcom's weaker-than-expected AI revenue guidance and a strong May payroll report raised fears of slower hyperscaler spending and potential Fed rate hikes, pressuring memory chip stocks like Micron, Samsung, and SK hynix. The ETF's heavy concentration in just a few memory chipmakers amplified the selloff. Investors are now focused on Micron's June 24 earnings report for clarity on contract pricing and demand outlook, which will likely determine the next trend for this volatile sector.
On June 8, three major Wall Street analysts issued bullish 12-month price targets for SanDisk stock, with estimates ranging from $2,100 to $2,900. Bank of America raised its target to $2,100 citing strong pricing and demand, while Mizho highlighted A...
Micron Technology's stock rose sharply after a recent chip-sector selloff, signaling renewed investor interest in the memory chip market. Analyst C.J. Muse from Cantor Fitzgerald noted that the memory trade remains strong, with long-term supply agree...
Memory and storage stocks like Micron, Western Digital, and SanDisk surged Monday morning, recovering part of Friday's steep losses. The bounce is driven by technical factors, with traders covering shorts and re-entering positions after a sharp senti...
The SPDR S&P Semiconductor ETF (XSD) fell 11.27% on June 5, 2026, its worst session in years, driven by a broad selloff across semiconductor stocks rather than just Broadcom's decline. Broadcom reported strong AI revenue growth but slightly missed hi...
The iShares MSCI South Korea ETF (EWY) dropped about 14% in one day, its worst since March 2020, driven by a sharp fall in Samsung Electronics and SK Hynix shares, which make up 42% of the fund. The selloff was triggered by Broadcom's cautious AI sem...
