The move was the strongest signal of the crunch tech companies are facing from memory shortages and high prices. Meanwhile, Apple itself is reportedly looking to secure memory components from Chinese company ChangXin Memory Technologies (CXMT) and seeking clearance from the U.S. government.<\/p>\n
Samsung Reports Q3 Results On Tuesday<\/p>\n
The rally in U.S. memory stocks comes as investors position ahead of Tuesday\u2019s quarterly earnings report from Samsung, the world\u2019s largest memory chipmaker, while also snapping up shares after last week\u2019s pullback.<\/p>\n
The South Korean giant is expected to post a preliminary operating profit of 84.3 trillion won ($55.1 billion) for the June quarter, according to analysts\u2019 estimates compiled by Bloomberg.\u00a0<\/p>\n
That would represent an 18-fold increase from a year earlier and would exceed the company\u2019s total profit for all of 2025. Revenue is projected to rise 127% to a record 169 trillion won.<\/p>\n
As U.S. memory chip stocks wrapped up their best six-month stretch on record, the rally hit turbulence in June amid concerns over intensifying competition from Samsung and SK Hynix, as well as stretched valuations.<\/p>\n
That has heightened the importance of Samsung\u2019s earnings report, which many see as a key catalyst for global chip stocks and as the latest read on high-bandwidth memory demand and pricing.<\/p>\n
Retail View On Memory Stocks<\/p>\n
On Stocktwits, the retail sentiment was \u2018extremely bullish\u2019 for SNDK and DRAM, \u2018bullish\u2019 for MU, and \u2018bearish\u2019 for STX and WDC. \u201cDRAM The demand for AI memory didn’t go away because we had a bad week,\u201d a trader\u00a0wrote<\/a>.\u00a0<\/p>\n Meanwhile, traders are watching SK Hynix\u2019s upcoming Nasdaq listing, scheduled for July 10.<\/p>\n \u201cSK Hynix’s order book opens tomorrow as the company prepares for its Nasdaq debut on Friday, 7\/10. It’s trading at a *very* large discount to $MU. Expect major volatility and perhaps significant selling in $MU as institutions look to free up funds to go from the most expensive memory company to the HBM leader that’s trading at a huge discount to Micron,\u201d a trader\u00a0wrote<\/a>.<\/p>\n \u00a0<\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n Read Next:\u00a0IREN Stock Climbs 5% Overnight As Speculation Builds Over Anthropic Contract<\/a>\u00a0<\/p>\n \u00a0<\/p>\n
![\"Follow](\"https:\/\/chunks-prd.stocktwits-cdn.com\/_next\/static\/media\/google-news-icon.d9c2bfd1.svg\"\/){kind=icon}
<\/a><\/p>\n