StocksMedium•5 November 2026•
1 min read
Micron and SK Hynix Shares Plunge as Semiconductor Selloff Intensifies
Key Facts
1Micron Technology shares fell nearly 16% as investors intensified the selloff of AI-linked semiconductor stocks.
2SK Hynix shares declined 13% amid broad de-risking following the US midterm elections.
Micron Technology shares fell nearly 16% as investors intensified the selloff of AI-linked semiconductor stocks. Invezz reported that SK Hynix shares declined 13% amid broad de-risking following the US midterm elections, affecting major memory chip manufacturers.
Micron Technology closed at $795.23 on November 4, 2026, after reaching a session low of $782. On the same date, SK Hynix closed at $143.07, as the sharp double-digit percentage drops indicate a shift in investor sentiment toward the AI sector and an extension of a previous downward trend.