Micron and SanDisk Stocks Plunge Nearly 30% on AI Political Risks

Key Facts

1Micron shares shed roughly 22% while SanDisk plunged 27.4% over the course of a week.

2Democratic gains in the US midterm elections raised concerns about tougher permitting rules for AI data centres.

3Apple warned about soaring memory-chip prices, suggesting shortages persist despite the stock selloff.

Micron shares shed roughly 22% while SanDisk plunged 27.4% over the course of a week, Invezz reported. The selloff followed Democratic gains in the US midterm elections, which raised concerns about tougher permitting rules and electricity regulations for AI data centers. Investors are increasingly reassessing the financial and political risks associated with the rapid expansion of the artificial intelligence sector.

Micron (MU) closed at $690 on November 6, 2026, while Apple (AAPL) closed at $342.37 on the same date. Despite the broader stock decline, Apple warned that memory-chip prices remain high, suggesting that supply shortages persist. In the wider tech sector, Microsoft (MSFT) closed at $530.61 and META closed at $610.15 on November 6, 2026.

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