On October 15, South Korean memory stocks were hammered, while Micron closed up nearly 2% in U.S. trading.
The market is talking about MU now because two conflicting signals emerged on the same day: in the short term, it looks like a rebound after a panic sell-off, while over the longer term, some worry that memory supply could become excessive.
According to public discussion, trading in South Korea triggered a circuit breaker, and SK Hynix fell more than 11%; the exact decline still needs to be verified. U.S. tech stocks then recovered from selling at the open, with Micron closing up nearly 2% and Nvidia falling nearly 2%. This looks more like divergence within the sector than a broad-based recovery across the AI hardware supply chain.
Meanwhile, claims that “China will begin producing memory at scale in 2028, potentially leading to a glut in 2029” are also circulating. But these are projections about future capacity, not evidence that a glut has already materialized.
If supply fails to come onstream as expected, concerns about a glut may prove misplaced. But can a single day of gains for Micron really disprove the possibility that the memory industry is being repriced?
The market is talking about MU now because two conflicting signals emerged on the same day: in the short term, it looks like a rebound after a panic sell-off, while over the longer term, some worry that memory supply could become excessive.
According to public discussion, trading in South Korea triggered a circuit breaker, and SK Hynix fell more than 11%; the exact decline still needs to be verified. U.S. tech stocks then recovered from selling at the open, with Micron closing up nearly 2% and Nvidia falling nearly 2%. This looks more like divergence within the sector than a broad-based recovery across the AI hardware supply chain.
Meanwhile, claims that “China will begin producing memory at scale in 2028, potentially leading to a glut in 2029” are also circulating. But these are projections about future capacity, not evidence that a glut has already materialized.
If supply fails to come onstream as expected, concerns about a glut may prove misplaced. But can a single day of gains for Micron really disprove the possibility that the memory industry is being repriced?