Micron, SanDisk Stock Prices Dip: Are Memory Stocks Done For?
Micron (MU) and SanDisk (SNDK) saw a substantial dip in their stock price on Monday, August 24, 2026. Micron (MU) closed 5.83% (56.35 points) lower, while SanDisk (SNDK) closed 6.45% (102.96 points) lower. Let’s discuss what’s behind the stock price dip and if they can make a recovery soon.
Why Are Micron And SanDisk Facing A Stock Price Dip?
Micron (MU) and SanDisk’s (SNDK) latest correction comes amid increased competition from China. There has been a lot of talk about the Trump administration potentially allowing Apple to purchase DRAM from China’s ChangXin Memory Technologies (CXMT) and NAND flash from Yangtze Memory Technologies Corp. (YMTC). While Micron (MU) is among the “big three” in the memory sector, along with SK Hynix and Samsung, the ongoing memory shortage may lead to companies flocking to Chinese rivals.
If Apple is allowed to purchase Chinese memory chips, there is a very real possibility that other companies will follow suit. The consumer electronic market has taken a hit with increased prices due to the memory shortage. Micron (MU) and SanDisk (SNDK) could see a significant dip in their market share if companies such as Apple move to Chinese counterparts.
… Continue reading the full article at the original source below.
