Quick Read – SanDisk sinks 12% and Micron drops 5% as China’s CXMT surges 500% in its Shanghai debut, rattling memory stocks sector-wide. – Apple testing CXMT chips accelerates fears of Chinese memory reaching top-tier customers, as Western Digital falls 7% and the DRAM ETF…
ops 4%. – SanDisk’s 505% YTD gain and Micron’s 223% run made both stocks ripe for profit-taking, with SK Hynix Q2 earnings due July 28. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today
Memory and storage stocks are selling off sharply Monday morning as the broader NASDAQ 100 rises and falls. SanDisk (NASDAQ:SNDK) stock is down 12% to $1,270, while Micron Technology (NASDAQ:MU) shares are off 5% to $871. Western Digital (NASDAQ:WDC) stock is down 7% to $483, and SK Hynix (OTC:SKHY) ADRs are down 6% to $145 after giving back an earlier Monday gain ahead of the company’s Q2 2026 report tomorrow after the U.S. close.
The coordinated selloff spans NAND and DRAM names alike, signaling a sector-wide reaction rather than a single-stock story. The Roundhill Memory ETF (NASDAQ:DRAM) is down 4% to $51, reflecting the coordinated hit across memory names on an otherwise up market day. The ETF’s decline highlights how concentrated the selling is within the memory theme.