Memory chip stocks including SK Hynix, SanDisk, and Micron fell sharply after a selloff in Seoul revived concerns about the sustainability of AI-driven spending in data centers. SK Hynix dropped 4%, SanDisk 3%, and Micron 2%, reflecting worries that the AI spending boom may be peaking. The upcoming SK Hynix earnings report is seen as a key indicator of whether AI memory demand will hold up amid these fears. Investors are advised to remain cautious and moderate their positions until more clarity emerges from the report.
SK Hynix trades at USD 138.95 on Pluang, down 2.74% as of Oct 20, 2026 20:41 WIB. SanDisk is priced at USD 1,345.61 with a 1.82% drop, while Micron stands at USD 886.50, down 2.03%. Pluang order activity shows more buyers than sellers for these stocks, indicating some investor interest despite recent declines.
SK hynix is set to report a strong Q3 with expected revenue growth of 37% sequentially and 336% annually, driven by high memory demand and AI-related growth. Analysts forecast $6.25 adjusted EPS on $74.6 billion revenue, supported by supply constrain...
Memory chip stocks surged as concerns about AI spending faded, leading to a rebound in tech shares. Micron Technology rose 4% after reporting strong Q4 2026 results and forecasting higher revenue for fiscal Q1 2027, driven by high-bandwidth memory de...
Shares of SK Hynix, SanDisk, and Micron each dropped about 3% amid concerns over China's CXMT advancing in memory chip technology. Goldman Sachs, however, told clients that fears about CXMT's threat to advanced memory chips are exaggerated and highli...
Micron, Samsung, and SK hynix are earning record profits from high DRAM prices driven by a global memory shortage and AI demand. However, China's CXMT is rapidly expanding its DRAM manufacturing capacity by 83% from 2025 to 2028 and advancing technol...
