Memory Chip Makers Lose $1 Trillion as SOXX Index Faces 8-Day Slide

Key Facts

1Micron, SanDisk, SK Hynix, and Samsung have lost $1 trillion in market value since October 2.

2The SOXX semiconductor index is heading for its eighth consecutive daily loss.

3TSMC stated that AI demand continues to outstrip supply despite the broader memory sector downturn.

Micron, SanDisk, SK Hynix, and Samsung have lost $1 trillion in market capitalization since October 2, 2026. Benzinga reported that the SOXX semiconductor index is heading for its eighth consecutive daily loss, signaling a deep downturn in the memory chip segment. Despite the sell-off, TSMC stated that demand for artificial intelligence applications continues to outstrip available supply.

MU closed at $914.13 on October 14, 2026, hitting a session low of $913.56. On the same day, SKHY closed at $147.55, while TSM closed at $430. these price levels reflect the broader pressure on memory manufacturers even as the industry maintains a positive long-term outlook for AI-driven hardware demand.