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Micron and SanDisk Plunge Over 20% in July, Trade at Lowest Valuations in Nasdaq-100

2026-07-18 22:34:36

MU-0.55%

SNDK-3.87%

According to Benzinga, Micron Technology (MU) and SanDisk (SNDK) have experienced significant declines in July 2026. Micron has dropped 23.3% this month with a forward price-to-earnings ratio of 6.2x, the second-lowest valuation in the Nasdaq-100 index, though the stock remains up 208% year-to-date. SanDisk has fallen 35.7% in July, including a 24.7% decline this week, and trades at a forward P/E of 8.1x despite a 504% gain since the start of 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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