SanDisk Slides as Samsung Plunges 8.4%, Weighing on DRAM Stocks
SNDK•SanDisk shares slid as Samsung Electronics plunged 8.4% to 291,250 won after quarterly results, dragging Micron and other DRAM stocks lower. The selloff reflects investor concerns over memory profit margins and chip demand following Samsung’s profit miss in its memory division.
1. Samsung Electronics Plunge
Samsung shares slid 8.4% to 291,250 won in Seoul after reporting weaker-than-expected quarterly memory profits, sparking a sector-wide selloff.
2. U.S. Memory Stocks Slide
SanDisk and Micron both declined as investors weighed Samsung’s results, while DRAM-focused ETFs also dipped in overnight trading.
