Shares of memory chip companies SanDisk, Micron Technology, and Western Digital fell sharply by around 10-11% following a 10% drop in South Korea's Kospi index, which triggered a global selloff in AI-driven data-center stocks. The selloff appears to be profit-taking after a massive rally this year, with SanDisk up 858%, Micron 325%, and Western Digital 326% year-to-date. Despite the price drop, fundamentals remain strong, highlighted by SanDisk's recent strong quarterly results and Micron's upcoming earnings report. Investors are cautious ahead of Micron's fiscal Q3 2026 earnings due Wednesday, which will likely influence the memory sector's direction.
Micron Technology enters its fiscal Q3 earnings with elevated expectations, making its stock vulnerable to volatility if it fails to meet high guidance. Recent macroeconomic uncertainties have increased market volatility, impacting memory chip stocks...
The end of the Middle East conflict has refocused market concerns from geopolitical risks to oil supply and Federal Reserve policies. Oil prices have stabilized ahead of actual supply adjustments, while production and shipping are still catching up. ...
The Nasdaq Composite fell 1.4%, losing about $680 billion in market value due to a sharp selloff in semiconductor stocks, which dropped 6.3%, led by memory chipmakers. This decline reflects investors unwinding crowded AI-related trades amid expectati...
The recent market downturn is attributed to excessive concentration in AI-related stocks, high valuations, and lack of dip buyers amid liquidity withdrawal. The author maintains a cautious approach with a 50% equity allocation and a near-term Sell ra...
US tech and semiconductor stocks fell sharply amid a global market sell-off, with the Nasdaq dropping 1.5% and the S&P 500 down 1%. SpaceX shares briefly fell below their IPO price due to investor concerns over heavy borrowing for AI investments. Maj...
