Micron, Seagate, Western Digital sink as chip sell-off deepens
Chip stocks fell on Tuesday, extending a sell-off sparked by worries over artificial intelligence financing and intensifying competition. Micron slipped about 5%, SanDisk fell 5%, while Seagate and Western Digital both dropped 6%. The declines followed a weak session on Wall Street, where the Nasdaq Composite dropped 0.44% on Monday. Investors assessed intensifying competition from China's…
Key points
- Micron slipped about 5%, SanDisk fell 5%, Seagate and Western Digital both dropped 6%
- SK Hynix plunged more than 10%, Samsung Electronics shed 7.4%, both hitting lowest levels since August
- Nasdaq Composite dropped 0.44% on Monday, extending the sell-off into Tuesday
Micron, Seagate, Western Digital sink as chip sell-off deepens
CNBC Technology · 13 October 2026
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This text was published by CNBC Technology and written by Arjun Kharpal,Lee Ying Shan. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
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