$MUB
$SNDK

🚨MAJOR CORRECTION IN MEMORY STOCKS AFTER SANDISK AND WESTERN DIGITAL EARNINGS

Entire sector is crashing in the premarket:

- $WDC down 16%
- $SNDK down 12%
- $STX down 6%
- $SKHY down 7%
- $MU down 6%

Both companies beat revenues. SanDisk revenue was up 372% year over year, Western Digital up 44%.

The problem was guidance. SanDisk grew 51% last quarter and guided to 18% for the next one.

Growth is slowing, and the market thinks memory prices have peaked.

#FutureTarding