Kioxia Drops Over 15% to Six-Month Low Without Dragging Down US Memory Stocks: Micron, SanDisk Up Over 2% Pre-Market, SK Hynix Gains Nearly 5%

TradingKey - On November 2, Eastern Time, memory chip stocks showed divergent performance. Japanese memory chipmaker Kioxia closed down by about 15.8% in the Tokyo market. However, in subsequent U.S. pre-market trading, memory stocks rallied across the board. As of press time, Micron Technology (MU) rose over 2%, SanDisk (SNDK) gained more than 3%, the DRAM ETF (DRAM) jumped over 4%, and SK Hynix (SKHY) climbed nearly 5%.