US memory chip stocks plunge: SK Hynix, SanDisk, Micron down over 4%

US memory chip stocks plunge: SK Hynix, SanDisk, Micron down over 4%

Shares of major memory chip companies like SK Hynix, SanDisk, and Micron dropped more than 4% in US trading, continuing a broader tech sell-off.

Details

Shares of major memory chip companies tumbled in US trading, with SK Hynix, SanDisk, and Micron each falling more than 4%. The sell-off extended to other sector players, as Silicon Motion dropped over 3%, while Western Digital and Seagate Technology declined more than 2%. The broad-based decline reflects ongoing weakness in the tech sector, with memory stocks particularly hard hit amid concerns over demand and inventory levels. Investors are closely watching for any signs of recovery in the semiconductor cycle, but near-term sentiment remains cautious.

0000
Free trader tools Trade with data, not guesses

CrypSpy is a free platform for crypto market analysis: signal levels, liquidation maps, volume clusters, a live market radar and trader forecasts. Open the chart and see the market the way professional traders do.

#Signallevels #Liquidationmaps #Volumeclusters #Marketradar #Traderforecasts #Technicalanalysis #Cryptomarket #BTC #ETH
All news Open app