The NASDAQ Dropped 3% as Micron, Intel, and AMD Tumble, but One Tech Name Is Bucking the Trend - Yahoo Finance

On June 24, 2026, the Nasdaq dropped 3% amid a broad tech sell-off, with memory chip stocks leading the decline. Micron Technology plummeted over 10% despite strong earnings and a high forward P/E, si... Read original →

The Nasdaq selloff reveals a structural bifurcation in semiconductors: memory stocks are repriced amid slowing AI server capex, with Micron’s plunge signaling preemptive discounting of cyclical oversupply—even strong earnings couldn’t offset it. Technically, delays in HBM/GDDR7 adoption will bottleneck AMD’s MI450 and Intel’s Xeon 6 co-optimization. On compliance, tightening U.S. export controls on advanced computing inflate global supply chain redundancy costs, especially hurting U.S. IDMs reliant on Taiwan, China foundries. NVIDIA’s resilience stems from its DGX Rubin ecosystem’s hardware-software lock-in, making customer migration prohibitively expensive. Over the next 12–24 months, only AI chip vendors with exclusive cloud partnerships will survive; memory players must integrate CXL and near-memory computing to reclaim pricing power as AI inference scales to edge deployments.