MEMORY CHIP STOCKS SLIDE IN BROAD TECH SELLOFF

INDUSTRY DESK■ 1 MIN READ

WED, JUN 24, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Memory and semiconductor stocks tumbled Tuesday, with Micron and SanDisk leading losses at over 13% as a broader tech correction took hold across the sector.

Western Digital dropped 8%, while Marvell fell 9% and Qualcomm declined 8%. Applied Materials and Seagate also retreated, down 8% and 5% respectively. The selloff signals a potential shift in market sentiment after a strong year-to-date run for technology stocks. Analysts attribute the decline to investors taking profits following sharp gains earlier in the year. Memory chip manufacturers have been among the most volatile stocks this year, with valuations swinging on demand forecasts and capacity concerns. The broader decline suggests traders may be reassessing exposure to semiconductor and storage hardware makers amid economic uncertainty. One analyst characterized the move as a temporary "breather" rather than a fundamental shift in investor sentiment toward tech hardware makers.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE HARDWARE DESK

P616KIOXIA EXECS CASH IN AS AI CHIP DEMAND SURGES

Japanese flash memory maker Kioxia Holdings saw executive compensation jump sharply, driven by soaring global demand for AI-related semiconductors and rising stock valuations.

1H AGO— AI Desk

P614CATL PUSHES SODIUM-ION BATTERIES FOR AI ENERGY DEMAND

Chinese battery maker CATL is accelerating sodium-ion battery deployment this year to support energy storage needs driven by AI infrastructure expansion. The company is also exploring computing power from idle electric vehicles.

1H AGO— AI Desk

P600CHIP STOCKS STUMBLE AS MARKET MOMENTUM FACES TEST

Semiconductor stocks suffered one of their worst trading days this year, raising questions about the sustainability of equity market gains that have been heavily concentrated in a narrow group of high-performing tech names.

6H AGO— Industry Desk

P597FDA WITHDRAWS COMPLAINT AGAINST WHOOP BP TRACKER

The FDA has dropped its complaint against fitness tracker company Whoop over its blood pressure monitoring feature, reversing its earlier demand that the tool be disabled.

8H AGO— AI Desk

◄ BACK TO NEWS

MEMORY CHIP STOCKS SLIDE IN BROAD TECH SELLOFF

■ MORE FROM THE HARDWARE DESK

■ SUBSCRIBE TO THE DAILY BRIEF