SanDisk, Seagate, Micron Slide as Investors Price In Looming Memory Supply Glut

SanDisk shares sank 14.13% in the last 24 hours, while Seagate fell 10.38% and Micron dropped 5.49% as investors priced in a looming memory supply glut. According to BeInCrypto, the stocks are down 19.59%, 17.54% and 14.36% over the past five sessions, erasing part of 2026’s rally. Morningstar research director Lorraine Tan told Bloomberg TV AI-linked stocks could fall 20% to 30% before becoming buyable again, citing new supply from Samsung and SK Hynix and a potential plateau in AI capex. Meta Platforms’ plan to sell excess AI computing power and an antitrust suit alleging DRAM price inflation by Samsung, SK Hynix and Micron added to pressure.