SK Hynix Drops 5%, SanDisk Slides 6%, Western Digital Slips 4% as Traders Take Profits in Memory Stocks

1 month ago 14

David Moadel

Wed, July 15, 2026 astatine 9:06 AM CDT 5 min read

Quick Read

SK Hynix whipsawed from a 27% Tuesday surge to a 6% Wednesday driblet arsenic traders fastener successful gains, with Micron up 244% YTD.
Western Digital is the mildest decliner up of its July 29 earnings, portion the Roundhill Memory ETF tracks the radical down 3%.
Four caller leveraged SK Hynix ETFs launched this week mechanically amplify intraday swings and tin suffer an investor's afloat main successful a azygous session.
This lithium shaper surpassed a $1B backstage valuation, joining immoderate of America's astir almighty startups. Now you tin invest successful EnergyX alongside planetary giants similar General Motors, but lone done July 16. (sponsor)

Memory stocks are pulling backmost sharply Wednesday greeting arsenic traders fastener successful gains aft a parabolic run. SK Hynix's (NASDAQ:SKHY) U.S.-listed ADR is down 5% to $184.50 successful aboriginal trading, giving backmost a chunk of yesterday's 27% surge to $193.92.

The reversal is rippling done the group. Micron Technology (NASDAQ:MU) shares are disconnected 3% to $953, SanDisk (NASDAQ:SNDK) shares are down 6% to $1,658, and Western Digital (NASDAQ:WDC) shares are down 4% to $541. The Roundhill Memory ETF (CBOE:DRAM) is tracking the radical lower, disconnected 3% to $59.

The pullback follows 1 of the strongest rallies successful semiconductors this year, with Micron shares up 244% twelvemonth to day (YTD) and SanDisk shares up 640% YTD astatine Tuesday's close. There's nary confirmed company-specific antagonistic catalyst, and the determination looks similar wide profit-taking successful the priciest AI beneficiaries.

Profit-Taking Caps a Parabolic Run

SK Hynix banal has been the volatility communicative of the assemblage since its grounds NASDAQ ADR debut. The ADR whipsawed from a 27% surge Tuesday to a 5% driblet today, a plaything that reflects a bladed float, an ADR premium to the Seoul-listed shares, and dense request from recently launched leveraged products.

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Micron and SanDisk are riding the aforesaid question little alternatively than reacting to caller news. Micron's Q3 FY26 study connected June 24 delivered gross of $41.46 billion, up 346% twelvemonth implicit twelvemonth (YoY), and non-GAAP EPS of $25.11, with Q4 guidance calling for $50 cardinal successful gross astatine the midpoint. SanDisk's April study showed datacenter gross up 645% YoY to $1.47 billion, results CEO David Goeckeler called "a cardinal inflection point."

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