Memory Stocks and ETFs Enter Bear Market as AI Trade Stumbles

Price ActionEarnings Impact 4
โดย Zacks Investment Research·Read original
Summary · why it matters

Leading memory stocks and ETFs have slipped into bear-market territory, with Micron, Samsung Electronics, SK Hynix and the Roundhill Memory ETF all falling more than 20% from their recent closing highs as of July 7, 2026. The sell-off has erased about $1.5 trillion in market value from semiconductor companies tracked by Yahoo Finance since June 25, with Micron alone shedding nearly $350 billion. The downturn comes despite Samsung reporting record operating profit of about $59 billion and revenues of roughly $113 billion, highlighting investors' reluctance to reward even exceptional earnings. Meanwhile, SK Hynix's U.S. IPO raised approximately $26.5 billion, making it the largest U.S. IPO ever by a foreign company, and its shares jumped about 13% on the first day of trading. Despite the correction, the broader AI memory trade has still posted a median gain of nearly 60% since late March and added close to $5 trillion in market value.

Impact on stocks 3

Semiconductors± Mixed · 2 stocks
SK Hynix Inc
000660
▲ PositiveCapitalrelevance

SK Hynix's U.S. IPO raised ~$26.5B, the largest ever by a foreign company, and shares jumped 13% on first day.

Micron Technology Inc
MU
▼ NegativeCapitalrelevance

Micron shares fell >20% from highs, erasing $350B in market value, entering bear market despite no company-specific negative news.

Artificial Intelligence▲ · 1 stocks
Samsung Electronics Co Ltd
005930
± MixedCapitalrelevance

Samsung reported record operating profit of ~$59B and revenues of ~$113B, but stock still fell >20% from highs, showing investor reluctance to reward earnings.

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