Micron and Sandisk drop on double dose of bad news — blame Broadcom and SK Hynix - Sherwood News

Micron Technology and SanDisk both dropped more than 6% on Thursday, primarily due to disappointing results from Broadcom, which weighed on the entire AI chip sector. However, the two memory giants ma... Read original →

Micron and SanDisk’s sell-off reflects deeper strategic vulnerability in the AI memory race, not just Broadcom’s earnings spillover. SK Hynix’s potential U.S. listing threatens Micron’s unique status as the sole top-tier U.S.-listed memory supplier, eroding its valuation premium. Technically, SK Hynix leads Micron by 6–9 months in HBM3E yield thanks to aggressive EUV adoption and 3nm-class DRAM scaling, positioning it to lock in Nvidia and other AI chipmakers with LPDDR5X and HBM supply. From a compliance standpoint, SK Hynix’s ADR structure sidesteps CFIUS scrutiny while leveraging dual manufacturing hubs in Korea and Taiwan, China—unlike Micron’s overreliance on CHIPS Act subsidies. Over the next 12–24 months, a $10B equity raise could enable SK Hynix to dominate the HBM ramp, shifting the industry axis from a Samsung–Micron duopoly to a Samsung–SK Hynix tech alliance, marginalizing Micron in high-end memory.