--- title: "Micron, Sandisk, and SK hynix Stocks Are Taking a Hit – What's Driving the Sell-Off and What Wall Street Sees Next" type: "News" locale: "en" url: "https://longbridge.com/en/news/296800654.md" description: "Memory stocks including Micron, SanDisk, and SK hynix faced significant sell-offs, driven by Samsung's disappointing capital return announcement and profit-taking after strong AI-driven gains in 2026. Rising Treasury yields further pressured valuations. Despite the decline, Wall Street maintains a Strong Buy consensus on Micron, with an average price target suggesting a 72% upside, citing its critical role in AI memory demand." datetime: "2026-08-24T13:58:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296800654.md) - [en](https://longbridge.com/en/news/296800654.md) - [zh-HK](https://longbridge.com/zh-HK/news/296800654.md) generator: "portal-rs" --- # Micron, Sandisk, and SK hynix Stocks Are Taking a Hit – What's Driving the Sell-Off and What Wall Street Sees Next Memory stocks are taking a beating Monday, with some of the sector's biggest names leading the retreat. **Micron (NASDAQ:MU)** is down about 7%, **SanDisk (NASDAQ:SNDK)** has fallen 10%, and **SK hynix (NASDAQ:SKHY)** is off roughly 6%, compared with a 3.5% drop in the PHLX Semiconductor Index. ### Summer Sale - Claim 70% Off TipRanks Curious why XOVR invested in Kalshi? Explore the long-term strategy behind the investment. Today's pullback started in Asia, where Samsung Electronics shares tumbled more than 8% following its latest capital-return announcement. The Korean chip giant plans to return between 90 trillion and 110 trillion won this year, yet the package came in below what some investors had hoped to see. That disappointment weighed on SK hynix in Seoul before selling reached U.S.-listed memory names later in the session. There is another issue working against these stocks right now, and that comes down to just how far they have run. Memory names delivered some of the market's biggest gains during 2026 as AI spending sent demand for high-bandwidth memory, DRAM, and NAND soaring. After those gains, investors have become less willing to overlook lofty valuations, while rising Treasury yields have given them another reason to lock in profits. Micron has become one of the clearest U.S. ways to invest directly in AI memory demand. Its high-bandwidth products sit alongside GPUs inside advanced computing systems, giving the company exposure to spending by hyperscalers and data-center operators. The company reinforced its longer-term commitment last week by unveiling Micron Research Labs in Boise, Idaho. Management plans to invest $10 billion there over the coming decade, focusing on memory technologies, advanced computing architectures, packaging, and future semiconductor manufacturing methods. Investors might be selling Micron today, but Wall Street is hardly following them out the door. MU holds a Strong Buy consensus, with 30 Buys and just one Hold among 31 recent analyst ratings. At $1,559.14, the average price target suggests the stock could climb 72% from current levels. (See **MU stock forecast**) ### Related Stocks - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [SNDG.US](https://longbridge.com/en/quote/SNDG.US.md) - [SNDQ.US](https://longbridge.com/en/quote/SNDQ.US.md) - [SNDU.US](https://longbridge.com/en/quote/SNDU.US.md) - [SNXX.US](https://longbridge.com/en/quote/SNXX.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [XOVR.US](https://longbridge.com/en/quote/XOVR.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [Micron Sees 'No End' to AI Memory Supply Crunch: CEO Sanjay Mehrotra Says 'Nothing Ever Goes in a Straight Line'](https://longbridge.com/en/news/296743524.md) - [Micron CEO: AI has 'totally changed' the equation for the boom-and-bust memory industry](https://longbridge.com/en/news/296543881.md) - [Samsung unveils plan to return up to US$79 billion to shareholders](https://longbridge.com/en/news/296615008.md) - [Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source](https://longbridge.com/en/news/296559540.md) - [Micron Technology, Inc. Plans USD10 billion AI Memory Chip R&D Center](https://longbridge.com/en/news/296551150.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**