Micron and SK Hynix Drop 9% as SanDisk Stock Halves

Memory chip makers Micron and SK Hynix fell ~9% while SanDisk dropped 14%, cutting its peak value in half, amidst mixed broader U.S. equity market closes.

Woofun AI reports that U.S. equities closed Tuesday with the Dow Jones Industrial Average up 1%, the S&P 500 up 0.2%, and the Nasdaq down 0.2%. In the semiconductor sector, SK Hynix declined 8.98% and Micron Technology fell 8.85%. SanDisk shares dropped 14%, representing a decline of more than 50% from the historical high reached one month prior. The Nasdaq Golden Dragon China Index closed up 1.08%, led by NetEase which rose nearly 3%.