US Storage Stocks Slide as SanDisk Drops 11% and SK Hynix Falls 7%

US-listed storage sector erased early gains, widening losses with SanDisk down 11%, SK Hynix 7%, and Micron 5%, signaling broad-based weakness in memory chip equities.

Woofun AI data shows that the US-listed storage concept sector has surrendered its early session gains, resulting in continuously expanding losses across major names. SanDisk (SNDK.O) declined by more than 11%, while SK Hynix (SKHY.O) dropped over 7% and Micron Technology (MU.O) fell more than 5%.