StocksMedium•13 November 2026•
1 min read
Micron and SK Hynix Shares Slump 5% Amid Semiconductor Sector Selloff
Key Facts
1Micron and SK Hynix shares fell around 5% each on Friday amid a broad selloff in the semiconductor sector.
2Weakness in Nvidia stock weighed on the Philadelphia Semiconductor Index, which dropped over 5%.
3US annual PPI accelerated to 6.5% in October, marking its highest annual rate since November 2022.
Micron and SK Hynix shares fell around 5% each on Friday amid a broad selloff in the semiconductor sector. Invezz reported that weakness in Nvidia stock weighed on the Philadelphia Semiconductor Index, which dropped over 5%. The decline followed data showing US annual PPI accelerated to 6.5% in October, marking its highest annual rate since November 2022.
MU closed at $798.44 and NVDA closed at $166.19 on November 12, 2026, while SKHY finished the same session at $137.71. During the same period, peer instruments also showed weakness as AMD closed at $585.3 and TSM closed at $405.49 on November 12, 2026, amid the broader pressure on semiconductor equities.