US Memory Chip Stocks Slide: SK Hynix Down 5%, Western Digital Over 4%, Micron Over 2%
US memory chip stocks fell sharply on August 7, with declines widening through the trading session. Seagate Technology at one point dropped over 9%, SK Hynix's loss expanded to more than 6% by the latest data, SanDisk and Western Digital each fell over 5%, and Micron Technology declined more than 3%. The sector-wide selloff deepened as trading progressed, with initial declines across all major memory names.
During US trading on August 7, the memory chip sector moved broadly lower, with several major listed memory companies posting declines of varying magnitude. Seagate Technology fell more than 9% at one point, SK Hynix dropped over 5%, SanDisk and Western Digital each declined more than 5%, and Micron Technology fell over 2% after initially losing more than 4% from the session's earlier levels. The sector's decline then widened further. As of the latest trading data, SK Hynix's loss expanded to more than 6%, SanDisk and Western Digital both remained down over 5%, and Micron Technology fell more than 3%.