Snowflake Stock Is Falling Monday: What's Going On?
Snowflake (NYSE: SNOW) falls 3% amid tech selloff, but long-term technicals and strong analyst Buy consensus point to bullish momentum.
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Western Digital (WDC) surges following Sandisk's outlook. Get key technical levels, analyst price targets, and ETF holdings breakdown.
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Snowflake (NYSE: SNOW) falls 3% amid tech selloff, but long-term technicals and strong analyst Buy consensus point to bullish momentum.
Nicholas Mugalli says Samsung, not China, is the bigger memory-chip threat for Micron and SanDisk investors as supply fears rise.
Micron and Sandisk are potentially breaking the cyclical pattern of the memory chip industry by signing long-term contracts with major customers that lock in pricing through 2030-2031. These strategic agreements reduce commodity-like pricing volatility, particularly in DRAM and HBM markets, which could lead to significant stock repricing as investors begin valuing them like regular tech stocks rather than cyclical businesses.
The iShares Semiconductor ETF is on a nine-session losing run unseen since May 2006, as the KOSPI posts its worst week since 2008, optical names suffer dot-com-era drops and Bank of America sees a Cisco echo.
The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
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