From Startup Fortune · · 1m
Memory Chips Drag Nasdaq into Correction
Memory chip stocks fell as supply fears and AI investments triggered Nasdaq-100 correction.
In brief
Memory chip stocks fell as supply fears and AI investments triggered Nasdaq-100 correction. Memory chip stocks dropped 4.3% and 8% this week as Toshiba's hard-drive expansion and AI investment risks caused Nasdaq-100 correction. Originally reported by Startup Fortune.
Memory stocks drop
Memory chip stocks fell 4.3% for Micron and 8% for SanDisk this week.
Toshiba's hard-drive plan
Toshiba plans to double nearline hard-drive capacity by fiscal 2027, sparking supply glut fears.
Samsung profit vs. memory stocks
Samsung reported higher quarterly profit than Nvidia, but memory stocks fell anyway.
Kospi circuit breakers
Kospi hit 15 trading halts in 2026, including 9 this year.
AI data center demand
AI data centers are driving memory price surges with DRAM up 50-60% and NAND up 100%.
Circular financing risks
Nvidia's $40 billion AI investment creates circular financing risks for chip suppliers.
DeepSeek's China move
DeepSeek aims to build AI chips to reduce reliance on Nvidia and Huawei.
The takeaway
Memory chip stocks dropped 4.3% and 8% this week as Toshiba's hard-drive expansion and AI investment risks caused Nasdaq-100 correction.
