Memory chip stocks, including Sandisk and Micron, fell about 5% after Samsung Electronics missed profit expectations despite strong AI chip demand. Samsung's quarterly net profit was below estimates, causing a sell-off in memory stocks ahead of Sandisk's earnings report. Sandisk, a pure NAND flash maker, faces high expectations with analysts forecasting $10.64 billion revenue and $46 EPS. The sector's outlook remains cautiously optimistic due to tight memory supply and rising contract prices, but investors await Sandisk's results for clearer direction.
SanDisk shares dropped 5.32% to USD 1,330.00 on Pluang as of Oct 30, 2026 02:21 WIB, reflecting significant investor caution ahead of its earnings report. Micron also fell 5.51% to USD 929.05, while SK Hynix declined 2.58% to USD 160.52. These declines align with the broader memory chip sector weakness after Samsung Electronics missed profit expectations, influencing Pluang traders who showed a 73% sell activity on SanDisk.
Sandisk's stock fell 23% over the past month due to concerns over AI spending but surged 6% following Seagate's strong quarterly report showing 61% revenue growth and robust storage demand. Seagate's CEO highlighted long-term supply agreements throug...
SK Hynix reported a record 632% increase in operating profit for Q3 2026, driving its shares up 8% premarket. The company also announced a $45 billion shareholder return plan, boosting investor confidence. This surge positively influenced other memor...
NVIDIA, Micron, and SanDisk have significantly outperformed the market in 2026, driven by strong demand for AI-related memory and storage products. Analysts have raised their earnings estimates for these companies, with NVIDIA potentially reaching $3...
Sandisk is under pressure due to weakening consumer demand for memory products, with only enterprise SSD demand providing some support. Despite a drop in valuation, Sandisk remains more expensive than competitors like Micron and SK Hynix. Concerns pe...
Micron Technology shares climbed 4% following a positive outlook from Bank of America after meeting with company executives. The bank highlighted a structural shift where memory customers are now locking in supply contracts for three to five years, c...
