Memory Chips Fall in Overnight Session, MU Down 0.72%, SNDK Down 0.69%
On October 6, the memory chip sector traded weaker during the overnight session, with all major stocks closing lower. As of press time, Micron Technology (MU.US) was trading at $1056.26 in overnight trading, down 0.72% from the previous close; SanDisk (SNDK.US) traded at $1692.34, a decline of 0.69%.
Among other major stocks, Western Digital (WDC.US) traded at $439.61 in the overnight session, down 0.46%; Seagate Technology (STX.US) was at $883.81, down 0.37%; and Everspin Technologies (MRAM.US) traded at $18.19, slightly down 0.16%. On the derivative side, MUU.US fell 1.40%, SNXX.US dropped 1.25%, while MUD.US rose 0.88% and SNDQ.US gained 1.63%, showing notable divergence within the sector.
Trading volume remained relatively light during the overnight session as investors await upcoming industry data and corporate earnings guidance. As a cyclical semiconductor sector, memory chips have been influenced by supply-demand dynamics and inventory adjustments recently, leading to frequent price fluctuations. Investors are advised to monitor subsequent industry sentiment changes and order situations from leading companies.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| SNDQ | SNDQ.US | 11.23 | +1.63% |
| MUD | MUD.US | 9.17 | +0.88% |
| MRAM | MRAM.US | 18.19 | -0.16% |
| STX | STX.US | 883.81 | -0.37% |
| WDC | WDC.US | 439.61 | -0.46% |
| SNDK | SNDK.US | 1692.34 | -0.69% |
| MU | MU.US | 1056.26 | -0.72% |
| SNXX | SNXX.US | 15.78 | -1.25% |
| MUU | MUU.US | 35.86 | -1.40% |