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Sign InIn a move reflecting the technology sector's sensitivity to future growth prospects, memory chip and storage stocks fell sharply on Thursday. This decline followed a broad semiconductor selloff, occurring despite TSMC reporting record profits for the fifth consecutive quarter and beating analyst expectations, suggesting a disconnect between current operational performance and investor sentiment.
The downturn comes as investors monitor peer performance, with market data showing similar pressure on companies like Samsung and SK Hynix. Compared to the previous quarter, experts suggest that concerns over the sustainability of memory chip demand are beginning to overshadow AI momentum, especially as valuations hit historically high levels according to Bloomberg analysis.
Regarding price levels, MU stood at $904.28, while TSM closed at $419.48 (close of July 15, 2026). With a lack of immediate tech-sector catalysts in the economic calendar, traders are looking toward upcoming Fed speeches, such as Governor Bowman's remarks, to assess the impact of monetary policy on liquidity flows into growth stocks.