Micron, SanDisk, Western Digital Fall 6% as SK Hynix's Weak Outlook Rattles Memory Stocks

Memory and storage stocks are down sharply Monday as SK Hynix’s weak Q2 profit estimate rattled the AI memory trade. The news suggests near-term pressure on pricing and demand visibility for AI-linked DRAM and NAND, driving a broad risk-off move across the sector.

Analysis

Memory and storage stocks are down sharply Monday as SK Hynix’s weak Q2 profit estimate rattled the AI memory trade. The news suggests near-term pressure on pricing and demand visibility for AI-linked DRAM and NAND, driving a broad risk-off move across the sector.