Memory Stocks Slide: Micron Down 2.3% After Samsung’s 12% Chip Revenue Drop
MU•Micron shares fell 2.3% and SanDisk dropped 2.8% overnight after Samsung’s semiconductor division reported a 12% quarterly revenue decline. A DRAM-focused ETF slid 4.1% as investors sold memory stocks following Samsung’s cautious outlook.
1. Samsung Semiconductor Earnings Impact
Samsung’s semiconductor division posted a 12% drop in quarterly revenue, driven by weaker-than-expected demand for DRAM and NAND chips, and issued a cautious outlook for the second half of the year.
2. Micron and SanDisk Stock Moves
In response, Micron shares slid 2.3% and SanDisk fell 2.8% in overnight trading while a benchmark DRAM ETF declined 4.1%, signaling broader investor concern over global memory demand and pricing pressure.
