Which memory stocks rose?

Micron (MU) and Western Digital (SNDK) rose 0.8% and 1.2%, respectively.

How did the Iran threats affect the broader market?

The S&P 500 fell over 1% due to geopolitical concerns.

Memory Stocks Buck Market Selloff After Trump Threatens Iran

Memory stocks like Micron (MU) and Western Digital (SNDK) rose on Monday, bucking a broader market selloff triggered by President Trump's threats of new strikes on Iran. Retail traders view the dip as a buying opportunity.

June 22, 2026

2 min read

Source: Stocktwits

Memory stocks such as Micron (MU) and Western Digital (SNDK) rose on Monday, defying a broader market selloff that followed President Donald Trump's threats of new strikes on Iran. The move came after Tehran closed the Strait of Hormuz in response to hostilities in Lebanon.

Possible Reasons for the Rise

Retail traders on Stocktwits see the current dip as a buying opportunity, with comments like "Never sell, buy dips." Additionally, the memory sector has strong fundamentals, with both Micron and Western Digital benefiting from rising demand for memory chips used in AI and data centers.

Broader Context

Despite geopolitical tensions causing a broad selloff in global markets, memory stocks showed resilience. The S&P 500 fell over 1%, while MU rose 0.8% and SNDK gained 1.2%.

Similar Moves in the Sector

NVIDIA (NVDA), another key chip stock, also rose 0.5%, indicating investor confidence in the tech sector's long-term prospects.

Frequently Asked Questions

Traders view the dip as a buying opportunity, and demand for memory chips remains strong, driven by AI.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.