Late at night, U.S. memory chip stocks rebounded collectively!
Jin Qilin analyst research report , authoritative, professional, timely and comprehensive, helping you tap potential theme opportunities! Memory chip stocks rebounded. On July 17 (Friday), local time, U.S. stocks opened and continued their previous downward trend. The Nasdaq narrowed its decline after hitting bottom, and the Dow turned positive. As of press time, the Nasdaq fell more than 1%, the S&P 500 fell 0.57%, and the Dow rose slightly by 0.04%. Streaming media giant Netflix fell sharply at the opening, falling more than 12% at one point. Later, its stock price rose. As of press time, the stock was still down nearly 9%. The company's third-quarter performance guidance fell short of market expectations, and platform user viewing activity data failed to dispel Wall Street's concerns. SpaceX's stock price continued to decline after opening on Friday, once falling nearly 7%, and then the decline narrowed significantly. The day before, the company suspended a test flight of its Starship rocket at the last minute. In addition, memory chip stocks have collectively rebounded. As of press time, SK Hynix has risen by more than 3%, and SanDisk and Micron Technology have risen by nearly 2%. SK Hynix fell more than 13%, SanDisk fell more than 12%, and Micron Technology fell more than 5%. U.S. housing starts data fluctuates sharply U.S. housing starts surged in June after falling sharply the previous month, driven by a rebound in apartment construction. Official data released on Friday showed that housing starts increased 19% in June to an annual rate of 1.43 million units, the highest level since March. The data was higher than expected by all economists in the survey. Multifamily housing starts increased by more than 76% to an annual rate of 532,000 units, after plummeting nearly 40% in the previous month. Meanwhile, single-family housing starts fell 0.2%, another decline after a generally sluggish spring for builders. The rebound in multifamily construction highlights the volatility in monthly data, especially in the apartment sector. However, high home prices and high mortgage rates, which have been suppressing demand for single-family homes, may also be supporting demand for apartments. Meanwhile, single-family homebuilders overall have been facing high inventory and weak demand. This has forced many builders to use sales incentives to attract buyers. Streaming media giant Netflix's stock price fell sharply at the opening. The company's third-quarter performance guidance fell short of market expectations, and platform user viewing activity data failed to dispel Wall Street's concerns. According to Netflix’s second-quarter financial report, its second-quarter revenue increased by 13.4% year-on-year to US$12.56 billion, slightly lower than Bloomberg’s consensus estimate of US$12.58 billion; the revenue growth rate dropped from 16.2% in the first quarter of this year. The company forecast third-quarter revenue of $12.86 billion, while Wall Street expected $13 billion. For the full year of 2026, Netflix expects a revenue range of US$51 billion to US$51.4 billion, which is basically the same as the previous forecast of US$50.7 billion to US$51.7 billion. Since the beginning of the year, Netflix’s stock price has fallen nearly 30%. The company admitted that the entertainment industry is highly competitive and the market environment is changing rapidly. Management said: "We will focus on three core directions to continue to lead the industry: outputting higher-quality film and television content, comprehensively optimizing platform services based on technology, and improving commercial monetization capabilities." The company was scheduled to launch its Starship giant rocket within a 90-minute launch window at 5:45 pm on Thursday, but an engine ignition failure forced SpaceX to cancel the launch. "Part of the engine failed to start, triggering the automatic launch abort." Company founder Musk posted on This is SpaceX’s first test flight of Starship V3 since its IPO. A previous attempt in May failed after sending the starship's upper stage to the Indian Ocean. The Super Heavy booster failed to achieve a controlled landing in the Gulf of Mexico because five of its 33 Raptor engines failed to re-ignite. The U.S. Federal Aviation Administration (FAA) ordered an investigation into the accident and gave the company permission on Monday to continue test flights. Since its listing on June 12, SpaceX's stock price once rose by more than 80%, but then continued to fall. Market value has evaporated by more than $1 trillion since its peak.
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Sina statement: This news is reproduced from Sina's cooperative media. Sina publishes this article for the purpose of conveying more information. It does not mean that it agrees with its views or confirms its description. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.