The memory storage company has been the poster child of the AI momentum trade, and the recent selloff.
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The semiconductor sector plummeted on Wednesday as SK Hynix reported a record second quarter operating profit, which fell short of lofty expectations.
The semiconductor sector plummeted on Wednesday as SK Hynix reported a record second quarter operating profit, which fell short of lofty expectations.
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SK Hynix just posted the most explosive profit growth any chipmaker has seen in years, yet investors responded by selling the stock below its IPO price. The reason reveals something unsettling about where the AI memory boom may be headed.
You might think S&P 500 stocks already up 362% and 188% this year respectively are played out. But analysts still see huge upside
The memory storage company has been the poster child of the AI momentum trade, and the recent selloff.
Morningstar maintained a $1,000 price target on SanDisk and assigned the shares a ‘Very High’ uncertainty rating.
U.S. stock futures largely moved higher, though Sandisk and Micron Technology fell premarket as investor enthusiasm around semiconductor companies continued to wane.
The Morning Bull - US Market Morning Update Wednesday, Jul, 29 2026 US stock futures are mixed in early Tuesday trade, with broad S&P 500 contracts slightly in the red while Dow futures edge up. The key driver is the US 10 year Treasury yield hovering around 4.64% as investors brace for this week’s Federal Reserve decision. Markets see roughly a one in three chance of a rate hike now and about a 56% chance by September. At the same time, US durable goods orders for June rose 0.3% and a core...
LTH hits new highs after eight straight earnings beats and rising estimates, while MSTR faces pressure from falling estimates, debt and Bitcoin sales.
The latest selloff extends a sharp decline in memory chip stocks that began late last month.
SKHY stock dropped 7% in the overnight session late Tuesday, while MU and SNDK fell about 5% each.
The memory maker's two valuation multiples describe two different companies. Believing the cheap one requires one big assumption.
Chinese authorities have imposed new barriers on Western Digital’s Sandisk unit, adding fresh constraints on its China operations in 2026. These measures come as China ramps up state-backed initiatives and competitive efforts that weigh on foreign chipmakers’ supply chains and market access. The developments coincide with a wider chip sector selloff that has pushed the Nasdaq 100 into correction territory. Western Digital, traded as NasdaqGS:WDC, sits at the crossroads of flash storage,...
The market has been spooked by concerns of tech giants’ ballooning spending and signs that China may be catching up in the AI arms race. Asian chip stocks plunged, sending South Korea’s Kospi index 10% lower and Japan’s Nikkei down 4%. The worst-hit American names included memory makers Sandisk which fell another 14%, and Micron, which shed 8.9%.
Shares of a number of chipmakers are falling, extending a rough stretch for the AI trade and dragging the Nasdaq lower.
The Dow left the Nasdaq in the dust again on Tuesday. The Nasdaq fell 0.2%. The Dow was led by a wave of strong earnings performances including Sherwin-Williams, but a majority of S&P 500 stocks were up all day.

Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at recent market action in the semiconductor sector (^SOX).
Sandisk and Western Digital are outpacing NVIDIA as AI demand boosts memory and storage growth. See what's fueling their momentum.
Micron stock was among the sharpest fallers Tuesday after being spared the worst of the selling in the previous session. Micron stock was down 9% by midafternoon, while Sandisk Western Digital and Advanced Micro Devices were down around 15%, 8.2%, and 7.9%, respectively. The Nasdaq Composite was mostly flat despite the chaos.
Sandisk and Micron have emerged as leading beneficiaries of the artificial intelligence (AI) memory boom.