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Is The Party Over For Memory Chip Stocks? Micron, Sandisk Continue Pullback

PATRICK SEITZ

2 min read

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⚡ Quantum Brief

Memory chip leaders Micron and Sandisk extended their decline Wednesday, marking a fifth straight losing session for Micron after both hit record highs on March 18. The sell-off follows months of gains driven by AI data center demand, which had propelled both stocks to unprecedented valuations earlier this month. Micron’s peak of $464.76 last week now stands as a turning point, with analysts questioning whether the AI-driven rally has exhausted near-term momentum. Broader market volatility—including geopolitical tensions over Iran—contributed to the pullback, as tech stocks faced profit-taking amid shifting investor sentiment. The decline raises concerns about sustainability in semiconductor growth, despite ongoing AI infrastructure expansion and persistent chip shortages in key sectors.

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BREAKING: Futures Steady After Stocks Pare GainsMemory chip stocks Micron Technology (MU) and Sandisk (SNDK) sank Wednesday, continuing a multiday slide after hitting record highs last week. Both have been highfliers amid the buildout of AI data centers. Micron stock fell for a fifth consecutive trading day. It notched an all-time high of 464.76 on March 18 before starting its current sell-off. The sell-off began after… 10:07 AM ET The stock market slashed gains amid Iran war hopes and doubts. Space play Karman Holdings reported earnings late. 10:07 AM ET The stock market slashed gains amid Iran war hopes and... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2026 Investor’s Business Daily, LLC.

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