Micron, SanDisk, and Western Digital Drop 6-7% as Memory Chip Rally Pauses
Summary
Micron, SanDisk, and Western Digital shares fell 6-7% in early Friday trading as the memory chip rally cooled. The pullback followed a strong month (Micron +35%, SanDisk +47%) and Micron's blowout Q3 2026 earnings (revenue up 346% YoY to $41.46B). The selloff was triggered by a memory-chip drop in Asia affecting Samsung and SK Hynix, plus a hotter-than-expected U.S. inflation print.
Source
bskyMicron, SanDisk, and Western Digital Drop 6-7% as Memory Chip Rally Pausesbriefly.coKey quotes
· 3 pulledMicron shares dropped 7% to $1,130 in early Friday trading
Micron rose 35% over the past month and SanDisk gained 47% in the same period
Micron guided Q4 2026 revenue to $50 billion plus or minus $1 billion and non-GAAP EPS to $31.00, citing record results and an AI-era outlook
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