Forget NVIDIA: Jim Cramer Says US Chip Stocks Are 'Joined at the Hip' With SK hynix
SK hynix slides amid a global tech selloff. Jim Cramer and top analysts assess China competition, AI demand, and market trends.
Stocks · News reference
Western Digital stock falls as UBS cuts its target price ahead of earnings, while rising memory supply and broader chip weakness pressure storage makers.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
SK hynix slides amid a global tech selloff. Jim Cramer and top analysts assess China competition, AI demand, and market trends.
Micron stock drops amid chip selloff, but Cramer and analysts dismiss China risks, citing strong AI demand and long-term supply deals.
Market sentiment slipped but stayed neutral at 45 as U.S. stocks fell Tuesday, led by chip losses; investors awaited major bank earnings.
Elon Musk says Micron has been reasonable on future memory pricing, while he criticized other suppliers for overcharging.
Sandisk falls premarket, breaching key moving averages. Is the uptrend intact? Check key technical support, resistance levels & MACD signals.
Sandisk is expected to report blockbuster Q1 fiscal 2027 earnings on Oct. 29, with Wall Street forecasting $10.7B in revenue and $46 EPS. The company benefits from AI infrastructure demand and tight memory supply conditions, as evidenced by Micron's recent 379% YoY revenue growth. Trading at a 7x forward P/E ratio, Sandisk appears undervalued, though the author recommends dollar-cost averaging rather than timing the earnings announcement.