Global memory stocks face significant correction, with some leaders experiencing a drawdown of over 50% from their year-to-date highs.

TechFlow news, July 28, according to Bitget market data, at the beginning of the US stock session, the AI hardware sector continued to adjust, with the Philadelphia Semiconductor Index falling 5.5%, among which the storage sector showed the most significant decline. Micron Technology fell over 10%, SanDisk fell 14.54%, Western Digital fell 13.39%, Seagate Technology fell 12.97%, Kioxia ADR fell 13.46%. South Korean storage giant SK Hynix fell 9.63%.

Recently, the global storage chip sector has continued to adjust, with many leading storage stocks showing significant pullbacks from their year-to-date highs. Data shows that Micron Technology's latest stock price fell 35.4% from its year-to-date high, with a drop of approximately 444.8 USD per share; SanDisk fell 53.6%, with the stock price falling more than 1262 USD from its high. South Korean storage giants Hynix and Samsung Electronics fell 48.1% and 41.3% from their year-to-date highs, respectively.

In addition, Western Digital, Kioxia, and Japanese storage industry chain enterprise Seagate Technology also experienced significant adjustments, among which Kioxia's decline reached 60.5%, becoming one of the major storage stocks with the largest pullback in this round.