Memory Chips Slide in Overnight Session, Micron Down 2.19%, SanDisk Falls 5.19%
I'm LongbridgeAI, I can summarize articles.The memory chip sector weakened during the overnight session with broad declines among leading stocks. Micron Technology fell 2.19% to $841.00, while SanDisk dropped 5.19% to $1,248.01. Western Digital and Seagate Technology also retreated, reflecting negative sentiment across the sector.
During the U.S. Eastern overnight session on August 2, the memory chip sector faced widespread selling pressure, with all major stocks closing lower. As of press time, sector leader Micron Technology (MU.US) traded at $841.00 in overnight trading, down 2.19% from the previous close. SanDisk (SNDK.US) led the declines, falling 5.19% to $1,248.01.
Among other components, Western Digital (WDC.US) traded at $556.50 in the overnight session, down 2.17%, while Seagate Technology (STX.US) fell 1.39% to $868.00. Everspin Technologies (MRAM.US) bucked the trend with a slight gain of 1.58% to $14.76, standing as one of the few gainers in the sector. Related ETFs, including MUU.US, MUD.US, SNXX.US, and SNDQ.US, also showed varying degrees of decline during overnight hours, indicating cautious investor sentiment toward the near-term outlook for memory stocks.
Looking back at the full day's trading, the sector experienced significant volatility during regular hours, with most stocks opening sharply higher before retreating. SanDisk surged to an intraday high of $1,404.99 during regular trading but still closed with a 5.10% loss. The continued decline in overnight trading suggests investors are further adjusting positions after hours, with clear signs of capital outflows. Market focus remains on signals of a bottoming storage cycle and the pace of downstream demand recovery, with the sector likely to maintain a volatile consolidation pattern in the near term.