Micron shares fell over 5% in a memory and AI-linked sell-off, but long-term trend and strong analyst earnings expectations balance that.
Micron fell about 5% premarket as a memory and AI-linked sell-off hit the sector. The story also notes a strong long-term uptrend and high analyst earnings expectations, so positives and negatives balance.
Sandisk fell nearly 6% in premarket trading as memory and AI-linked stocks weakened, showing sector pressure on its business.
Western Digital dropped more than 4% premarket as traders reassessed future demand for AI hardware, pressuring storage vendors.
Seagate fell over 4% premarket amid the same memory and AI-linked sell-off, signalling demand concerns for storage makers.
SK hynix fell more than 7% in premarket trading as investors reassessed AI infrastructure spending and future memory demand.
SpaceX's CEO publicly supported AI safety efforts, but the story does not tie that to company-specific revenue or demand changes.
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