# Memory Chips Drag Nasdaq into Correction

> Memory chip stocks fell as supply fears and AI investments triggered Nasdaq-100 correction.
- Title: Memory Chips Drag Nasdaq into Correction · Startup Fortune
- Summary: 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…
- Keywords: nasdaq-100, memory chips, toshiba, micron, sandisk, sk hynix, ai data centers, circular financing, deepseek, kospis, startups, business
- Source: Startup Fortune — https://startupfortune.com/memory-chip-stocks-dragged-the-nasdaq-100-into-a-correction-this-week
- Published: 2026-10-11T18:14:40+00:00
- Read time: 1 min
- Topics: nasdaq-100, memory chips, toshiba, micron, sandisk, sk hynix, ai data centers, circular financing, deepseek, kospis, startups, business
## 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.
## Key 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.