QUICK SPARK: Micron, SK Hynix, SanDisk Wipe Out $100 Billion as Memory Rout Worsens

On Monday, memory chipmakers Micron Technology Inc. (NASDAQ: MU), SK Hynix Inc. (NASDAQ: SKHY), and SanDisk Corp. (NASDAQ: SNDK) collectively lost approximately $108 billion in market value due to a worsening memory rout. Micron's stock fell 4.5%, resulting in a loss of about $52 billion, while SK Hynix also dropped 4.5%, losing around $41.5 billion, and SanDisk declined 6.6%, equating to a $15 billion loss. The decline was triggered by advancements from ChangXin Memory Technologies in China, which could increase competition and ease supply constraints in the memory market.