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.
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
SK hynix Inc. is set to report its Q3 earnings on October 28, following Micron's recent results that indicated rising memory prices and demand. In Q2, SK hynix saw a 257% year-over-year revenue increase to KRW 79.3 trillion with a 76% operating margi...
Micron Technology reported a massive 256.3% revenue increase for fiscal 2026 and secured contracts covering over 35% of revenue through 2030. Despite a recent 14.58% stock drop, a $1,000 investment today could grow to about $1,487 by 2031, reflecting...
NVIDIA and Micron now account for 36% of the S&P 500's earnings growth this quarter, highlighting their dominant role in the market. NVIDIA's revenue and profit per share are expected to nearly double year-over-year, while Micron anticipates even mor...
Micron Technology's stock has fallen 26% since its June peak amid investor concerns about the long-term sustainability of artificial intelligence spending. Analysts note that while AI remains a key growth area, investors may need to adjust expectatio...
