Quick Read – WDC and SNDK beat Q4 estimates, but SanDisk’s guidance missed consensus, causing shares prices to decline sharply after 202% and 469% year-to-date rallies. – Seagate dropped 6% and the Roundhill Memory ETF fell 7%, with three holdings controlling 72% of assets:…
msung, SK Hynix, and Micron. – 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
Storage and memory stocks are selling off hard early Thursday. Western Digital (NASDAQ:WDC) shares are sliding 16% to $437, while SanDisk (NASDAQ:SNDK) stock is dropping 11% to $1,198. Meanwhile, Micron Technology (NASDAQ:MU) shares are falling 6% to $844.
The selloff extends across the group, with Seagate Technology (NASDAQ:STX) stock down 6% to $786 and the Roundhill Memory ETF (CBOE:DRAM) declining 7% to $50. Reuters reports the moves in early trading, and they arrive despite strong fiscal Q4 2026 results from both Western Digital and SanDisk after Wednesday’s close. The read here is a straightforward expectations reset after enormous run-ups.