Micron, SanDisk, and Marvell Plummet as "Parabolic 7" Trade Unwinds

Micron, SanDisk, and Marvell Plummet as "Parabolic 7" Trade Unwinds

The post Micron, SanDisk, and Marvell Plummet as “Parabolic 7” Trade Unwinds appeared first on 24/7 Wall St.. Shares of three of the most explosive semiconductor names of 2026 are sliding hard in Friday morning trading. Micron Technology (NASDAQ:MU) stock is down 5% to $942, SanDisk (NASDAQ:SNDK) stock is off 5% to $1,664, and Marvell Technology (NASDAQ:MRVL) shares are lower by 6% to $298. The moves landed shortly after the open and have held i…

Micron, Sandisk stocks slide as traders exit high-flying AI plays

Shares of Micron Technology and SanDisk came under heavy selling pressure on Friday as a broad retreat in semiconductor stocks gathered pace. Investors reassessed the outlook for artificial intelligence-related names following Broadcom's latest earnings report and a stronger-than-expected US jobs report.The weakness extended a sharp sector-wide pullback that began after Broadcom issued fiscal third-quarter AI revenue guidance that failed to meet…