The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
After a strong rally in memory stocks over the past month driven by the AI boom, Friday’s session saw a sharp pullback. According to reports, Micron, SanDisk, and Western Digital shares fell roughly 7% on Friday, pressured by profit-taking and a hotter-than-expected PCE inflation report. The decline follows significant gains that had pushed the stocks to elevated levels.
Micron closed at $1,213.56 on June 25, while Western Digital ended at $675.39. Both stocks saw wide trading ranges, with Micron hitting a high of $1,255 and a low of $1,136.31. A memory-chip selloff in Asia—including Samsung and SK Hynix—added to sector pressure, per market data.
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Sign InAt current levels, Micron remains above its session low of $1,136, while Western Digital trades near $675. Investors will watch upcoming inflation data and AI-related earnings for signals on whether the memory rally will resume. Analysts characterize the dip as noise within a strong AI-driven memory upcycle.