Memory chip stocks rebound after sell-off, with SK hynix, Sandisk and Micron leading

Memory chip makers rose, including SK hynix by about 5%, Sandisk by about 6% and Micron by about 3%, after last week's sell-off. A source said investors seized on Micron's decline to buy amid expectations from a Chinese rival of a revenue surge.

AI-written summary of 3 sources; every verified point is backed by a verbatim quote. How Iyan works

• SK hynix shares rose about 5%, Sandisk about 6% and Micron about 3% as memory and chip stocks recovered.

  «SK hynix rose 5% today, with Sandisk up 6% and Micron up 3%, as memory and chip stocks bounced back from last week’s sell-off.»

  Yahoo Finance
• The report says the sell-off appeared excessive, pointing to SK hynix's forward price-to-earnings ratio.

  «The sell-off looks overdone, and SK hynix’s forward P/E is»

  Yahoo Finance
• Investors seized on Micron's share decline to buy after a string of poor performance for the stock.

  «Micron Technology stock is on a bad run, but on Monday investors were at last taking the opportunity to buy the dip in the memory-chip maker.»

  Barron's
• Investors are looking ahead to a busy week for tech stocks, with Nvidia preparing for a European conference and Meta's earnings report.

  «It’s a key week for tech stocks as Nvidia gears up for a European conference and Meta prepares to report earnings.»

  MarketWatch on MSN

Iyan — See it for yourself. What changed in your world today, why it matters, and how we know.
How it works • Privacy • Terms