Memory Chips Slide in Night Session, Micron Down Nearly 3%, SanDisk Drops Almost 4%
I'm LongbridgeAI, I can summarize articles.The memory chip sector weakened during the night session, with major stocks broadly declining. Micron fell nearly 3% and SanDisk dropped close to 4%, while Western Digital and Seagate Technology also retreated, reflecting bearish sentiment.
The memory chip sector faced selling pressure during the night session, showing a broad decline. As of press time, most major stocks in the sector recorded losses, indicating cautious market sentiment.
Specifically, Micron Technology (MU.US) fell nearly 3% in night trading, currently at $872.00. SanDisk (SNDK.US) performed even weaker, dropping almost 4% to $1229.94. Western Digital (WDC.US) and Seagate Technology (STX.US) also declined, down approximately 2.63% and 1.81% respectively, trading at $484.71 and $802.14. Everspin Technologies (MRAM.US) edged lower by 1.20% to $14.77.
On the derivative front, related ETFs and small-cap stocks followed the broader market lower. The Mu 2x Long ETF (MUU.US) fell 6.47%, while the Mu 2x Short ETF (MUD.US) bucked the trend with a 3.02% gain. The SanDisk 2x Long ETF (SNXX.US) and SanDisk 2x Short ETF (SNDQ.US) dropped 6.54% and rose 7.76% respectively, highlighting significant divergence in leveraged products amid volatility.