AI Memory Stocks Plunge Over 20% Since June 25 Despite Samsung's Record $59B Quarterly Profit

According to Yahoo Finance on July 7, AI memory stocks including Micron Technologies, Samsung Electronics, and SK Hynix have declined more than 20% from recent highs, despite Samsung's record quarterly earnings of $59 billion in operating profit and $113 billion in revenue.

Micron alone shed approximately $350 billion in market value since June 25, while SanDisk, Intel, Applied Materials, and Lam Research each lost over $100 billion. The Philadelphia Semiconductor Index needs to fall an additional 9% to enter bear market territory, as the memory stock collapse intensifies market stress.