StocksMedium•12 October 2026•
1 min read
Memory Chip Stocks Slump as $108 Billion Market Value Vanishes on China Fears
Key Facts
1Memory stocks lost $108 billion in market value as concerns over Chinese competition impacted DRAM and RAM sectors.
Memory stocks lost $108 billion in market value as concerns over Chinese competition impacted the DRAM and RAM sectors. Benzinga reported that the selloff specifically affected Micron Technology and SanDisk on Monday, triggered by fears that Chinese competitors are gaining ground in the AI memory trade and threatening the market share of established industry players.
MU was trading at $994.8635 on October 12, 2026, with a session high of $1002.67 and a session low of $978.5. This downward price action follows a broader trend of weakness in the semiconductor sector as geopolitical tensions and competitive pressures from China continue to weigh on investor sentiment.