Micron Rout Rattles Memory Stocks as Analysts Warn Prices Could Peak in 2026

Micron Technology is a major global supplier of DRAM, NAND and high-bandwidth memory, and its share price is often viewed as a bellwether for the memory-chip cycle. While demand from AI servers has lifted the value of high-end products, Chinese manufacturers continue to expand capacity as consumer demand for smartphones and personal computers weakens, raising the risk of a supply-demand reversal.

Micron shares plunged 7.74% in the latest trading session, with selling quickly spreading across global memory stocks and sending 10 Taiwan supply-chain companies to their daily limit-down levels. Raymond James analysts warned that DRAM and NAND prices could peak in mid-2026, shifting the market’s focus from AI-driven price gains to the impact of new capacity and cooling demand.