ATLAS News · Technology

Micron and Sandisk shares slip 3% as memory rally meets Nvidia worries

Published November 12, 2026 · 4 sources

Micron and Sandisk fell about 3% after a year of big gains tied to AI memory demand, with outlets linking the move to news about Nvidia's CEO.

What happened

Shares of Micron Technology and Sandisk declined by about 3%, TradingView reports, in a session that followed a strong run for memory-chip stocks. TradingView asked whether trouble at Nvidia could be spreading to memory chips.

StreetInsider reports that Sandisk shares dropped after the Nvidia CEO exited. The sources provided do not give further detail on that departure.

TradingView also notes that Micron has gained approximately 150% in 2026 and Sandisk almost 200%, helped by rising memory prices and growing demand from AI data centers. Yahoo Finance describes both companies as riding a powerful memory wave and argues the AI memory cycle is big enough for both.

Context

Memory chips are a key component in AI data centers, so memory makers are often watched alongside the largest AI chip companies.

Why it matters

The move shows how closely memory stocks can be tied to sentiment around Nvidia and the broader AI buildout.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

SandiskSNDK

+13.69%

Technology · NASDAQ

Live price

$858.14▲ +13.69%

live price · USD

Close on November 11: $977.69+13.69% vs. previous close ($859.99)
Fair value (ATLAS): $2,436.46Fair range: $2,100.00 to $3,805.22The price ($858.14) is 64.8% below that figure.
Chance of a rise in 1 month: 43%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $659.03 and $1,000.36; 9 in 10, between $455.23 and $1,448.21.

See the full ATLAS analysis of Sandisk →

Micron TechnologyMU

+11.89%

Technology · NASDAQ

Live price

$763.49▲ +11.89%

live price · USD

Close on November 11: $811.30+11.89% vs. previous close ($725.11)
Fair value (ATLAS): $1,436.07Fair range: $370.00 to $2,256.84The price ($763.49) is 46.8% below that figure.
Chance of a rise in 1 month: 45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $635.24 and $867.30; 9 in 10, between $482.01 and $1,143.00.

See the full ATLAS analysis of Micron Technology →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Micron vs. Sandisk: The AI Memory Supercycle Is Big Enough for Both, but Here's the Better Buy. · Yahoo Finance · November 12, 2026
Micron and Sandisk surge as AI triggers a memory-chip shortage · TradingView · November 12, 2026
Micron, SanDisk stocks fall 3%: is Nvidia's crisis spreading to memory chips? · TradingView · November 12, 2026
SanDisk shares drop after Nvidia CEO exits · StreetInsider · November 12, 2026

Latest market news · Markets today on ATLAS · Sandisk · Micron Technology

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer