Micron stock rebounds amid broader memory-chip selloff

Micron Technology has had a rough few weeks. The memory-chip giant watched its stock crater by as much as 13% in a single session, part of a broader selloff that ultimately stripped 10% from its share price and vaporized roughly $110 billion in market capitalization at the peak of the damage. Micron shares subsequently rebounded nearly 10% in follow-on trading, joined by sector peers including SanDisk, as buyers stepped back in and analysts began framing the dip as a potential entry point rather than a structural break. What actually caused the selloff The memory-chip space has been caught in a tug-of-war between two powerful forces. On one side, there’s the relentless demand for AI-related memory applications, which has driven Micron’s narrative for the better part of two years. On the other, capacity decisions by competitors — SK Hynix chief among them — have raised questions about whether supply growth might eventually run ahead of demand. By July 15, 2026, the cumulative damage from the selloff had become hard to ignore. A 10% decline from recent highs, a $110 billion hole in market cap, and a sector-wide conversation about whether the AI hardware trade had gotten ahead of itse...