US Stocks Movement | Storage Chip Concept Stocks Mostly Down, SanDisk (SNDK.US) Falls Over 4%

智通财经APP reported that on Friday, storage chip stocks fell across the board, with SK Hynix (SKHY.US) and SanDisk (SNDK.US) dropping over 4%, Micron Technology (MU.US) and Western Digital (WDC.US) falling over 3%, and Seagate Technology (STX.US) sliding more than 2%. According to reports, on July 21, Morgan Stanley analyst Shawn Kim released a report warning that the AI-driven boom in the storage industry is approaching a turning point, with memory contract prices expected to peak in the fourth quarter. This bearish report is believed to be the trigger for the sharp decline in Korean semiconductor stocks.