Western Digital Sinks 16%, SanDisk Falls 11%, Micron Drops 6% as Memory Selloff Hits Storage Stocks

Storage and memory stocks are sharply lower early Thursday: Western Digital shares are down 16% to $437 and SanDisk is down 11% to $1,198. The magnitude of the declines signals a significant near-term negative repricing in the sector, with risk sentiment turning cautious for memory/storage equities.

Analysis

Storage and memory stocks are sharply lower early Thursday: Western Digital shares are down 16% to $437 and SanDisk is down 11% to $1,198. The magnitude of the declines signals a significant near-term negative repricing in the sector, with risk sentiment turning cautious for memory/storage equities.