Memory Stocks Fall 7% as Profit-Taking, Hot PCE Cool Rally

Key Facts

1Micron, SanDisk, and Western Digital shares fell approximately 7% on Friday, driven by profit-taking and a hotter-than-expected PCE inflation report.

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.

At 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.