Sandisk has risen more than 530% in 2026, while Micron has gained more than 230% over the same period, reflecting market demand in the first half of the year for companies seen as benefiting from growing AI-related demand. According to Odaily, after those gains, the Roundhill Memory ETF (DRAM) fell 25% from its June peak, and the VanEck Semiconductor ETF (SMH) declined about 12%.
The report said AI infrastructure stocks and computing service providers were sold off after Meta was reported to be moving forward with selling excess GPU capacity. It also noted that Bitcoin rebounded from a two-year low.
STOCKS | Memory and Semiconductor ETFs Fall After Midyear Gains in Sandisk and Micron
2026-07-03 10:54:11
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