{"id":3120,"date":"2026-10-29T16:43:08","date_gmt":"2026-10-29T16:43:08","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2026\/10\/29\/why-are-micron-sk-hynix-and-sandisk-stocks-falling-on-thursday\/"},"modified":"2026-10-29T16:43:08","modified_gmt":"2026-10-29T16:43:08","slug":"why-are-micron-sk-hynix-and-sandisk-stocks-falling-on-thursday","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2026\/10\/29\/why-are-micron-sk-hynix-and-sandisk-stocks-falling-on-thursday\/","title":{"rendered":"Why are Micron, SK Hynix and SanDisk stocks falling on Thursday?"},"content":{"rendered":"
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Shares of Micron, SK Hynix and SanDisk fell on Thursday as Alphabet\u2019s weaker-than-expected results weighed on technology stocks, while a sharp decline in Samsung Electronics shares<\/a> added pressure to the memory chip sector.<\/p>\n

Micron MU was down about 3.5%, SK Hynix slipped around 1%, and SanDisk fell approximately 2.71%, reversing some of the optimism that had lifted memory stocks a day earlier following SK Hynix\u2019s upbeat earnings and outlook<\/a>.<\/p>\n

Alphabet shares dropped about 12%<\/a> after the Google parent reported third-quarter revenue and earnings below expectations, renewing concerns about the rising cost of artificial intelligence infrastructure and the sustainability of spending across the sector.<\/p>\n

Although Google Cloud revenue more than doubled, investors were concerned about slowing growth in its core search advertising business, which expanded 12%, and negative free cash flow of more than $9 billion. <\/p>\n

That compared with analysts\u2019 expectations for a deficit of $2.70 billion.<\/p>\n

Investors were also assessing fresh inflation data following the Federal Reserve\u2019s decision to leave interest rates unchanged, adding to uncertainty across technology and semiconductor stocks.<\/p>\n

The Philadelphia Semiconductor Index slipped by over 0.6%.<\/p>\n

Samsung shares slide despite record profit<\/h2>\n

Samsung Electronics shares plunged more than 4% in Seoul on Thursday despite reporting a record quarterly operating profit of $80 billion, as investors focused on revenue and semiconductor earnings that fell short of expectations.<\/p>\n

The company reported revenue of 195.3 trillion won ($124 billion), slightly below analysts\u2019 estimates of 195.79 trillion won. <\/p>\n

Semiconductor operating profit came in at 106.5 trillion won, compared with Bloomberg\u2019s estimate of 108.45 trillion won.<\/p>\n

Cash flow from operating activities also declined to 98.6 trillion won in the third quarter from 105.1 trillion won in the previous quarter.<\/p>\n

The decline came amid concerns over the scale of investment in AI infrastructure and the risks facing the memory chip industry if demand weakens. <\/p>\n

South Korea\u2019s central bank recently warned that the country\u2019s dependence on semiconductor exports could leave its economy more vulnerable to a downturn in AI demand.<\/p>\n

Investors had also been looking for Samsung to benefit from strong results reported by rival SK Hynix<\/a>.<\/p>\n

\u201cSK Hynix did quite a lot more than expected yesterday. It went beyond market expectations, but Samsung Electronics hasn\u2019t really changed its earlier guidance,\u201d said Lee Min-hee, an analyst at BNK Investment & Securities.<\/p>\n

SK Hynix outlook had lifted memory shares<\/h2>\n

The pullback followed a rally in memory stocks on Wednesday after SK Hynix reported better-than-expected earnings and outlined plans to return about $75 billion to shareholders this year.<\/p>\n

The South Korean chipmaker also projected that the shortage of memory components would persist through 2030, reinforcing expectations that demand could remain strong for an extended period.<\/p>\n

Rosenblatt Securities analyst Kevin Cassidy told MarketWatch that SK Hynix\u2019s report showed memory demand increasing as part of an \u201cupcycle\u201d, providing a major boost to profits.<\/p>\n

\u201cThe market’s concern in memory has been the cyclical nature of the memory market,\u201d Cassidy said. <\/p>\n

However, the current period of strength \u201chas lasted longer than any other upcycle in history,\u201d he added.<\/p>\n

The outlook had helped fuel optimism that rising demand for memory components used in AI infrastructure could support pricing and earnings across the sector. <\/p>\n

SanDisk faces earnings test after rally<\/h2>\n

SanDisk shares also came under pressure ahead of the company\u2019s fiscal first-quarter 2027 earnings report, scheduled for release after the market close on Thursday.<\/p>\n

The stock had surged in the previous session following SK Hynix\u2019s record quarterly results, which confirmed that NAND prices rose at a mid-20% rate quarter-on-quarter. <\/p>\n

The gains gave way to caution ahead of SanDisk\u2019s own results.<\/p>\n

Options markets are pricing in a potential share-price move of nearly 10% in either direction following the earnings announcement, reflecting elevated expectations and uncertainty about the company\u2019s outlook.<\/p>\n

The pullback was compounded by Cantor Fitzgerald\u2019s decision to lower its price target on SanDisk, citing concerns about the pace of revenue growth while maintaining an Overweight rating.<\/p>\n

Analysts broadly remain bullish, with consensus estimates calling for earnings of about $46 per share on revenue near $10.7 billion, representing a substantial year-on-year increase.<\/p>\n

However, expectations are high after SanDisk beat estimates in each of its previous four quarters. <\/p>\n

Any disappointment in guidance for NAND pricing or second-quarter revenue could trigger a sharp market reaction.<\/p>\n

With SanDisk due to report after the close and options implying a move of nearly 10%, the stock is likely to be a busy one on trading apps<\/a> tonight.<\/p>\n<\/p>\n

The post Why are Micron, SK Hynix and SanDisk stocks falling on Thursday?<\/a> appeared first on Invezz<\/a><\/p>\n

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Shares of Micron, SK Hynix and SanDisk fell on Thursday as Alphabet\u2019s weaker-than-expected results weighed on technology stocks, while a sharp decline in Samsung Electronics shares added pressure to the memory chip sector.Micron MU was down about 3.5%, SK Hynix slipped around 1%, and SanDisk fell approximately 2.71%, reversing some of the optimism that had…<\/p>\n","protected":false},"author":1,"featured_media":3121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/3120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=3120"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/3120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/3121"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=3120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=3120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=3120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}