Seagate and Western Digital Dive 6%, SK Hynix and Micron Slide 5% as Memory Stocks Cool

3 weeks ago 17

David Moadel

Mon, August 3, 2026 astatine 9:00 AM CDT 5 min read

Quick Read

MU and SNDK declined Monday yet stay up sharply year-to-date arsenic Morgan Stanley labels the driblet a method leverage washout.
UBS initiated SKHY astatine Buy with a $204 people portion DRAM representation ETF valuations span from Micron's cheaper trailing P/E ratio to Seagate's comparatively elevated multiple.
SK Group Chairman Chey Tae-won made his first-ever idiosyncratic SK Hynix stock acquisition conscionable arsenic the KOSPI slid 5% and Samsung dropped 8% overnight.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Shares of representation and retention names are cooling successful aboriginal Monday trading. Micron Technology (NASDAQ:MU) banal is down 5% to $782, SanDisk (NASDAQ:SNDK) shares are disconnected 1.5% to $1,197, Western Digital (NASDAQ:WDC) shares are down 6% to $511, and Seagate Technology (NASDAQ:STX) shares are little by 6% to $801. SK Hynix ADR shares are down 5% to $136, portion Roundhill Memory ETF (CBOE:DRAM) shares are down 3% to $48.81.

A macro changeable focuses connected a rectangular purple-pink semiconductor spot with the words '3D NAND Flash Memory' printed successful black. It is centrally placed connected an intricate bluish circuit board, featuring galore tiny metallic and acheronian grey physics components, and good aureate circuit traces.

Even aft today's pullback, overmuch of the radical remains sharply higher twelvemonth to day (YTD). Micron banal is up 188% YTD and SanDisk shares are up 412% YTD, truthful today's Monday determination sits wrong 1 of the year's astir almighty assemblage rallies.

The diminution tracks a crisp reversal successful Korean chipmakers overnight, with the KOSPI scale falling 5% Monday. Samsung Electronics slid 8% and SK Hynix's Korean-listed shares dropped 4%, giving backmost portion of Friday's grounds 18% summation connected lingering concerns astir elevated valuations crossed the representation complex.

U.S. representation names really traded higher successful overnight enactment Sunday connected headlines astir President Trump signaling renewed talks with Iran, lone to reverse into Monday greeting weakness that mirrors the Korean move. The way from Seoul to Boise is abbreviated erstwhile leveraged positioning unwinds crossed the aforesaid names.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Technical Selloff After a Torrid Run

Morgan Stanley called the caller selloff "largely technical," describing what the steadfast framed arsenic a "leverage washout" arsenic leveraged ETFs, hedge money positions, and retail borderline unwind together. The commentary reads arsenic a positioning cleanup communicative tied to the size of caller gains.

Morgan Stanley besides upgraded Korean stocks to Overweight from Equal-weight, forecasting the KOSPI could emergence 36% from Friday's close, citing valuation enactment astatine Samsung and SK Hynix. Taking a affirmative presumption connected the aforesaid names that led the diminution is simply a meaningful signal.

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