- On August 24, major U.S. stock indices showed mixed results, with the Nasdaq falling 0.76 %, the S&P 500 down 0.28 %, and the Dow Jones rising 0.26 %.
- Among companies with a market capitalization exceeding 100 billion, Altria Group and Mastercard recorded gains of 3.6 % and 3.31 % respectively.
- Meanwhile, Seagate Technology and SanDisk experienced declines of 6.51 % and 6.45 % respectively.
- Semiconductor stocks including Micron, SanDisk, and SK hynix declined amid a broader sector sell-off triggered by Samsung Electronics' lower-than-expected capital-return announcement and elevated market valuations.
- The pullback followed significant gains driven by AI-related demand for memory products in 2026, compounded by rising Treasury yields that prompted profit-taking.
- Despite the current market drop, Wall Street maintains a positive outlook, with Micron holding a Strong Buy consensus and an average price target indicating substantial upside potential.
- Major semiconductor stocks including Micron, SanDisk, AMD, and SK Hynix fell in premarket trading on 8 / 24 / 26 amid a broader technology sell-off and disappointment over Samsung Electronics' shareholder-return plan.
- Additional pressures driving the decline include escalating geopolitical tensions, caution ahead of Nvidia's upcoming earnings, and concerns over high AI valuations and rising bond yields.
- Despite the downturn, all four chipmakers maintain Wall Street Strong Buy consensus ratings, led by Micron's 61.3 % upside potential.
- Nvidia AI server prices are expected to increase by more than 15 % for systems shipped in early 2027.
- The price hike affects platforms like Vera Rubin and Grace Blackwell due to surging memory costs and supply strain.
- Major data center operators and server companies have reportedly informed customers about the upcoming adjustments.
- Samsung Electronics stock dropped 9% on Monday, marking its worst day in three weeks amid investor reaction to its shareholder-return plan.
- The company announced a shareholder return of 90 trillion won to 110 trillion won this year, including a 30 trillion won third-quarter dividend.
- Rival memory-chip makers SK Hynix and Micron Technology also saw their stocks decline by 3% following the announcement.