Micron, SanDisk, and Western Digital Fall 7% as Memory Rally Cools - 24/7 Wall St.

Shares of Micron Technology, SanDisk, and Western Digital all dropped by around 7% in early Friday trading, signaling a cooling sentiment rather than a fundamental shift. These stocks had surged in re... Read original →

The recent pullback in Micron, SanDisk, and Western Digital reflects more than profit-taking—it reveals a misalignment between AI-driven memory demand and aggressive capacity expansion. Technically, as HBM4 nears volume production, supply chain fragility intensifies due to advanced packaging concentration in Taiwan, China and Korea, prompting customers to qualify alternative sources. U.S. export controls continue raising compliance overhead and limiting revenue upside in China. Samsung and SK Hynix are exploiting this window to lock in HBM share, especially around NVIDIA’s GB200 platform ramp. Over the next 12–24 months, the market will shift from AI hype to bit-growth validation; players without leading-edge process integration or anchor AI customer ties risk marginalization, while those with CoWoS co-design capabilities will command pricing power.