SanDisk and Micron Falls 9%, Western Digital Drops 8% as Memory Supercycle Trade Hits Pause Button
247Wallst·2026-05-13 00:19

SanDisk (SNDK) stock is down 9% after a massive run, with shares surging 552% year-to-date and 3,299% over 12 months. Micron (MU) fell 9% with Cloud Memory revenue nearly doubling to $5.28B at 66% gross margin, and Western Digital (WDC) dropped 8% with gross margin crossing 50% for the first time and a 20% dividend hike to $0.15 per share. The coordinated 8-9% pullback across the memory complex reflects profit-taking after parabolic gains rather than a fundamental shift, as tight DRAM and NAND supply combin ...

Micron Technology-SanDisk and Micron Falls 9%, Western Digital Drops 8% as Memory Supercycle Trade Hits Pause Button - Reportify