WDC
Western Digital (WDC)
475.24
+1.70% (+7.93)
Market read
Memory chips are selling off more sharply than the broader semiconductor sector, suggesting the market is singling out memory specifically rather than reacting to a general tech selloff. Western Digital and its memory peers are moving together, amplifying the drop for holders of any one of these stocks.
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The Philadelphia Semiconductor Index fell about 4% to 11265.94, with memory stocks hit hardest — SanDisk down over 10%, Western Digital down over 7%, SK Hynix and Micron down over 6%.
Memory chips are selling off more sharply than the broader semiconductor sector, suggesting the market is singling out memory specifically rather than reacting to a general tech selloff. Western Digital and its memory peers are moving together, amplifying the drop for holders of any one of these stocks.
Jin10·08/24, 08:56 PM
Philadelphia Semiconductor Index fell about 4% to 11265.94 points; memory stocks fell about 7%, with SanDisk down over 10%, Western Digital down over 7%, SK Hynix and Micron down over 6%.
Jin10·08/24, 03:11 PM
Memory and storage semiconductor stocks fell in pre-market trading, with SK Hynix down 3.4%, Micron down 3.4%, SanDisk down 4.2%, and Western Digital down 2.9%.
Jin10·08/19, 03:02 AM
US stocks closed lower on August 18, with the Dow down 0.2%, S&P 500 down 0.69%, and Nasdaq down 1.33%; SK Hynix fell over 9%, SanDisk fell 9%, Western Digital and Micron each fell 7%, and Nvidia fell 2%, while Alibaba rose 2.8%.
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