Why Micron, SanDisk, AMD, and SKHY Stocks Are Falling in Premarket Today, 8/24/26
I'm LongbridgeAI, I can summarize articles.Semiconductor stocks including Micron, SanDisk, AMD, and SK Hynix fell in premarket trading due to a broad tech sell-off, disappointment with Samsung's shareholder-return plan, and rising bond yields. Broader concerns include U.S.-Iran tensions, the Fed's Jackson Hole symposium, and AI valuation worries. Nvidia may raise AI server prices by over 15% due to higher memory costs, though this is not the direct cause of today's declines. Despite the drop, Wall Street maintains Strong Buy ratings for these chips.
Shares of major semiconductor stocks are under pressure in premarket trading on Monday, as investors react to a broad sell-off in technology stocks and investor disappointment with Samsung Electronics' (SSNLF) shareholder-return plan. Micron (MU), SanDisk (SNDK), Advanced Micro Devices (AMD), and SK Hynix (SKHY) shares are down 3.5%, 5.1%, 1.9%, and 3.3%, respectively as of the last check.
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Samsung's shares fell about 9% in Seoul trading after the company announced a 90 trillion-110 trillion won ($65 billion-$80 billion) shareholder-return plan. Investors had expected a more aggressive buyback component, while Samsung said the remaining returns would be determined later and could include dividends and buybacks.
Meanwhile, broader market concerns are also weighing on sentiment. Investors are assessing the escalating tensions between the U.S. and Iran and the Federal Reserve's upcoming Jackson Hole symposium, where monetary-policy signals could influence technology stocks.
Semiconductor stocks are also declining as investors reduce exposure to the sector ahead of Nvidia's (NVDA) earnings on Wednesday. The broader Nasdaq is under pressure as markets remain concerned about elevated valuations across AI-related stocks and whether massive AI investments will generate sufficient returns.
Memory stocks have also come under pressure when bond yields rise, as higher rates tend to weigh on high-growth technology valuations.
Nvidia Could Raise AI Server Prices
Separately, Nvidia is reportedly preparing to raise prices for its AI servers by more than 15% in some cases, as higher memory costs increase the cost of building AI systems. The increases are expected to affect servers based on Nvidia's Vera Rubin and Grace Blackwell platforms, with the size of the increase varying depending on the chip and memory configuration.
The move underscores the pressure that higher memory costs are putting on AI infrastructure. At the same time, it highlights continued demand for HBM and other advanced memory products from suppliers such as Micron and SK Hynix. However, the price increases are not necessarily a direct reason for today's stock declines.
MU, SNDK, AMD, SKHY: Which Is Wall Street's Favorite Chip Stock?
According to the TipRanks Stock Comparison Tool, all four stocks have earned Wall Street's Strong Buy consensus rating. MU stock leads with a 61.3% upside potential, followed by SKHY's 50.2% upside, SNDK's 38% upside, and AMD's 36.8% upside.
It is worth noting that except for AMD, the remaining three stocks have also won the TipRanks Perfect 10 Smart Score, implying that shares are highly likely to outperform market expectations.