SanDisk, Micron and Western Digital Jump Up to 4% Ahead of Samsung Results
SNDK•SanDisk, Western Digital and Micron shares bounced 2-4% overnight, reversing losses driven by Anthropic’s chip demand concerns. Traders are now targeting Samsung’s upcoming earnings release, expected to provide fresh memory pricing guidance and volume forecasts.
1. Rebound After Anthropic-Driven Selloff
SanDisk, Western Digital and Micron reversed recent declines, rising between 2% and 4% overnight as traders covered positions following fears that AI developer Anthropic would curb chip orders.
2. Samsung Earnings in Focus
Markets are now fixated on Samsung’s quarterly report due next week, where updated DRAM and NAND pricing, shipment volumes and inventory levels will illuminate global memory demand trends.
3. Sector Implications
Analysts warn that if Samsung signals additional price cuts to clear excess inventory, US memory suppliers could face renewed margin pressure, whereas any upward pricing revisions may bolster valuations across the sector.
