Memory stocks like Micron, SanDisk, and SK Hynix dropped 6-7% following calls from Anthropic and OpenAI CEOs to slow AI development. These stocks are heavily tied to AI infrastructure demand, so investor concerns about a slowdown in AI training have hit this sector hard. While no immediate spending cuts have been announced by AI companies, the market is reacting to the potential risk of reduced memory demand. Upcoming earnings reports, especially from Micron, will be key to assessing if capital spending remains strong despite the cautious sentiment.
Micron Technology trades at USD 910.72 with a 1-day drop of 6.62% on Pluang as of Sep 14, 2026 20:33 WIB, reflecting the sector's sharp selloff after AI leaders urged slower development. SanDisk and SK Hynix also saw declines of 6.76% and 6.94% respectively, with prices at USD 1,522.81 and USD 176.87. These figures highlight investor caution in memory stocks tied to AI infrastructure amid concerns over potential demand slowdown.
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