$MUU $SNDK $NVDA US Stock Closing Summary: Storage Chip Sector Slumps Hard, Micron Drops Nearly 10%
On Wednesday, the US stock market saw widespread weakness in the storage chip sector, with multiple technology stocks among the top movers by trading value.
* Micron (MU) topped the list with a trading value of $52.428 billion, with its share price closing down 9.94%, marking a third consecutive session of declines.
* Nvidia (NVDA) recorded a trading value of $28.011 billion, ranking second, with the stock down 3.55%.
* SanDisk (SNDK) had a trading value of $24.931 billion, placing third; the stock plunged 7.32%, with a cumulative decline of 36.9% over four consecutive sessions.
Other notable stock updates:
* Meta (META) closed down 1.31%, extending a ten-session losing streak.
* SK hynix (SKHY), despite posting a record high in Q2 profits, still closed down 2.60%.
* Seagate Technology (STX) closed up 2.29%, one of the few gainers on the list.
* Intel (INTC) announced it has completed the US Department of Defense RAMP-C program.
* AMD reportedly is rolling out ROCm.ai to accelerate AI development.
* Tesla (TSLA): Musk said xAI’s next-generation large model, Grok 4.6, is expected to be released around August 7.
* Alphabet-A (GOOGL) closed up 0.90%, but reports say its DeepMind has disbanded the dedicated team that developed AlphaFold.
* TSMC (TSM) said it will take some time for the recovery of its Kumamoto, Japan wafer fab.
On Wednesday, the US stock market saw widespread weakness in the storage chip sector, with multiple technology stocks among the top movers by trading value.
* Micron (MU) topped the list with a trading value of $52.428 billion, with its share price closing down 9.94%, marking a third consecutive session of declines.
* Nvidia (NVDA) recorded a trading value of $28.011 billion, ranking second, with the stock down 3.55%.
* SanDisk (SNDK) had a trading value of $24.931 billion, placing third; the stock plunged 7.32%, with a cumulative decline of 36.9% over four consecutive sessions.
Other notable stock updates:
* Meta (META) closed down 1.31%, extending a ten-session losing streak.
* SK hynix (SKHY), despite posting a record high in Q2 profits, still closed down 2.60%.
* Seagate Technology (STX) closed up 2.29%, one of the few gainers on the list.
* Intel (INTC) announced it has completed the US Department of Defense RAMP-C program.
* AMD reportedly is rolling out ROCm.ai to accelerate AI development.
* Tesla (TSLA): Musk said xAI’s next-generation large model, Grok 4.6, is expected to be released around August 7.
* Alphabet-A (GOOGL) closed up 0.90%, but reports say its DeepMind has disbanded the dedicated team that developed AlphaFold.
* TSMC (TSM) said it will take some time for the recovery of its Kumamoto, Japan wafer fab.