Semiconductor stocks including Micron, Sandisk, and SK hynix have faced a sharp sell-off driven by negative sentiment after the election. Despite policy uncertainties, the long-term outlook remains positive due to ongoing AI infrastructure development and spending by major tech companies. Current valuations are low, with forward P/E ratios in single digits, presenting a potential buying opportunity for investors who believe in the AI growth thesis. This market panic is viewed as a chance to invest in AI-exposed chipmakers at discounted prices before the sector recovers.
As of Nov 06, 2026 04:01 WIB, Micron Technology (MU) is trading at USD 652.22 on Pluang, down 17.98% in one day, while SanDisk (SNDK) is priced at USD 800.00, falling 22.88% over the same period. Despite the sharp sell-off reflected in Pluang order activity showing 83% selling for Micron, SanDisk's orders are more balanced with 51% buying interest. The notable plunge in these semiconductor stocks highlights the current market volatility around AI-related chipmakers.
The recent selloff in AI-related stocks is considered an overreaction, as major chipmakers like TSMC, Nvidia, Broadcom, and Micron face limited direct impact from political delays. While AI project costs are rising and timelines are slowing, hypersca...
Micron Technology's stock fell 15% due to market overreaction to political events, not its business performance. The company reported a 379% year-over-year revenue increase in fiscal Q4, an 87% gross margin, and $68 billion in net cash. Over 75% of s...
Micron Technology's stock price fell about 10% today, extending a sell-off that has reached 41% over just four months. Despite this, the company is well-positioned for growth due to increasing AI-driven demand and hyperscaler capital expenditures, wh...
Chip stocks including Sandisk, AMD, Micron, Western Digital, Seagate, Intel, and Nvidia saw sharp declines, with Sandisk down 20% and others falling over 15%. This selloff pushed the Nasdaq Composite toward its worst day since April 2025. Investors a...
SanDisk shares fell 7%, with Micron and Western Digital down 5% each, following a Democratic lawmaker's call to pause advanced AI development and regulate the industry. This political move threatens the AI-driven demand for memory and storage product...
