Samsung Plunge Drags Memory Stocks: Micron Down 3%, SanDisk 2%
WDC•Samsung Electronics shares tumbled 8.41% to 291,250 KRW after Q2 revenue fell short of analyst estimates, triggering roughly 3% drop in Micron and 2% slide in SanDisk overnight. Broader DRAM benchmarks also dipped as investors assessed weakening memory demand.
1. Samsung Posts Weaker-than-Expected Q2 Results
Samsung Electronics shares tumbled 8.41% to 291,250 KRW after reporting second-quarter revenue that fell short of analyst estimates, raising concerns about demand in the memory segment.
2. U.S. Memory Stocks Suffer Overnight Losses
Micron shares slid roughly 3% and SanDisk dropped about 2% in U.S. overnight trading as investors reacted to Samsung’s selloff, reflecting broader weakness in DRAM and NAND markets.
3. Implications for DRAM Sector and Western Digital
The overnight selloff underscores ongoing pressure on DRAM prices and could weigh on earnings for storage companies like Western Digital in the coming quarters.
