On July 17, the U.S. stock market semiconductor sector saw a sharp sell-off. The Philadelphia Semiconductor Index fell 4.3% in a single day, closing at 11,867.50 points, which means it has now pulled back by more than 22% from its mid-June peak and has officially entered a technical bear market. Memory chips became the most heavily targeted segment of the sell-off—SanDisk (SNDK) plunged 12.63%, closing at $1,411.08; Western Digital (WDC) tumbled 9.15%, closing at $466.81; SK Hynix ADR (SKHY) dropped 13.69%, closing at $152.31; and Micron Technology (MU) fell 5.65%, closing at $853.20. Seagate Technology (STX) crashed 10.00%, closing at $745.49.



All four memory heavyweight stocks have retreated by more than 30% from their recent highs, and all of them have fallen into a technical bear market. Meanwhile, all three major U.S. indices closed lower together—the Dow Jones Index fell 0.2% to 52,552.97 points, the Nasdaq fell 1.47% to 25,881.95 points, and the S&P 500 fell 0.51% to 7,533.76 points. However, Apple surged 4.01%, and Alph
SNDK-3.87%
WDC2.16%
SKHY0.89%
MU-0.55%
STX5.55%
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Seagate Technology (STX) plunges 10% in a single day: Why has the AI storage leader become one of the hardest-hit areas of the semiconductor selloff?
On July 17, US listed semiconductor stocks saw a sharp sell-off. The Philadelphia Semiconductor Index fell 4.3% in a single day, closing at 11,867.50. Compared with the mid-June peak, it had already pulled back by more than 22%, officially entering a technical bear market. Memory chips were the hardest hit. SanDisk (SNDK) plunged 12.63% to $1,411.08; Western Digital (WDC) tumbled 9.15% to $466.81; SK hynix ADR (SKHY) fell 13.69% to $152.31; Micron Technology (MU) dropped 5.65% to $853.20. Seagat
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· 14h ago
Go for it—👊
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