Micron shares dropped 4% following a cautious December-quarter forecast from Kioxia, Japan's largest memory chipmaker, which also caused declines in Western Digital and SanDisk stocks. Kioxia's forecast showed only a slight profit increase and missed analyst expectations, citing shipment timing issues but expecting growth to resume in March. This has sparked debate over whether AI memory demand is cooling or if the selloff is temporary. Micron, which produces DRAM and flash memory, faces uncertainty in AI memory pricing ahead of its next earnings report, while Western Digital and SanDisk, more focused on storage, also saw significant declines.
Micron shares are down 4.80% on Pluang as of Nov 03, 2026 02:01 WIB, reflecting continued pressure on memory stocks. Western Digital has fallen 6.31% and SanDisk dropped 4.69% on the same platform and time. The selloff is notable given Micron's $1.00 trillion market cap and the high sell order activity of 91% on Pluang.
SanDisk has reported six consecutive earnings beats and a 372% revenue increase, driven by strong AI-related demand for memory technology. Despite a recent 22% drop in share price over the past month, the stock remains up 481% year-to-date but is sti...
Micron Technology has secured over 75% of its fiscal 2027 shipments and signed supply agreements through 2030, supporting strong revenue growth and a bullish price target of $1,025.96, a 7.76% upside from current prices. The company is advancing AI-f...
Micron's stock recovered some losses after a 17% drop over the past month, yet investors remain wary due to ongoing fears about artificial intelligence (AI) spending impacting the memory-chip sector. Despite the bounce, market uncertainty around AI i...
The AI stock rally is accelerating following a stronger-than-expected 3.4% US GDP growth in Q3 and robust consumer spending. Despite challenges like a softening job market, persistent inflation, and tight financial conditions, historical trends sugge...
OpenAI CEO Sam Altman argued that memory chips in personal laptops are underused and should be centralized in data centers to maximize efficiency amid tight supply. This perspective challenges the trend of AI-ready PCs running models locally and coul...
