{"id":5357,"date":"2026-07-07T15:15:33","date_gmt":"2026-07-07T15:15:33","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5357"},"modified":"2026-07-07T15:15:33","modified_gmt":"2026-07-07T15:15:33","slug":"sandisk-stock-drops-as-samsung-led-chip-selloff-hits-memory-sector","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5357","title":{"rendered":"SanDisk stock drops as Samsung-led chip selloff hits memory sector"},"content":{"rendered":"
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Shares of SanDisk Inc. (SNDK) fell sharply in trading on Tuesday as a broad selloff in memory-chip stocks spread from South Korea to US markets despite strong preliminary earnings from Samsung Electronics.<\/p>\n

SanDisk shares declined 8% after falling 23% over the previous three trading sessions. <\/p>\n

The stock has been one of the strongest performers in the US technology sector this year, gaining about 635% year to date and more than 3,750% over the past 12 months.<\/p>\n

The decline came as investors took profits across the memory-chip sector following steep gains in semiconductor stocks driven by artificial intelligence demand.<\/p>\n

Samsung results fail to lift memory stocks<\/h2>\n

The selling pressure followed Samsung Electronics’ preliminary second-quarter earnings announcement<\/a>.<\/p>\n

The South Korean technology company projected operating profit of 89.4 trillion won ($58.44 billion), representing a 19-fold increase from the same period a year earlier. Samsung also forecast revenue of 171 trillion won, up 129% year over year.<\/p>\n

Despite the stronger-than-expected results, Samsung shares fell 6.9% in South Korean trading as investors appeared to lock in gains after a prolonged rally. The stock has risen about 380% over the past year.<\/p>\n

SK Hynix also declined 6.1%, with the two companies together accounting for more than half of the Kospi index’s market capitalization.<\/p>\n

The broader South Korean market came under pressure as heavy selling in chipmakers pushed the Kospi down as much as 8.2% during the session, briefly placing the index in bear market territory before trimming some losses.<\/p>\n

US memory stocks follow global decline<\/h2>\n

The weakness in South Korea quickly spread to US semiconductor stocks.<\/p>\n

Micron Technology and Western Digital fell 7.3% and 8.14% respectively in trading.<\/p>\n

The Roundhill Memory ETF (DRAM)<\/a>, whose largest holdings include Samsung, SK Hynix and Micron, dropped 6.2%.<\/p>\n

The selloff extended beyond memory-chip companies. Intel and Advanced Micro Devices each declined more than 6%, while Nvidia slipped 1.5%.<\/p>\n

Investors appeared to be taking profits after a prolonged rally in semiconductor shares, particularly in companies benefiting from growing demand for AI-related memory and storage products.<\/p>\n

Profit-taking follows strong rally<\/h2>\n

SanDisk’s recent decline comes after an extended period of exceptional gains.<\/p>\n

Although the stock has fallen more than 20% over the past three trading sessions, it remains one of the best-performing US technology stocks over the past year.<\/p>\n

The company has previously experienced similar pullbacks, including a four-day losing streak in May and a five-day decline in March before resuming its broader upward trend.<\/p>\n

Profit-taking was also evident across the memory sector. <\/p>\n

Micron and SanDisk are now trading well below the highs they reached last month, while the Roundhill Memory ETF has declined 19% from its June 22 peak.<\/p>\n

Investors are also preparing for another potential catalyst later this week, with South Korean memory-chip maker SK Hynix scheduled to begin trading on the Nasdaq on Friday.<\/p>\n

The upcoming listing could keep attention focused on the memory-chip sector as investors continue to assess whether recent declines represent a pause in the AI-driven rally or the beginning of a broader correction following months of outsized gains.<\/p>\n

\n

The post SanDisk stock drops as Samsung-led chip selloff hits memory sector<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of SanDisk Inc. (SNDK) fell sharply in trading on Tuesday as a broad selloff in memory-chip stocks spread from South Korea to US markets despite strong preliminary earnings from Samsung Electronics.SanDisk shares declined 8% after falling 23% over the previous three trading sessions. The stock has been one of the strongest performers in the…<\/p>\n","protected":false},"author":1,"featured_media":5358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5357"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5358"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}