Morningstar Warns Of 30% Crash In AI Stocks, Is It Time To Sell Micron? - Yahoo Finance

Morningstar has issued a warning about a potential 20-30% correction in AI stocks, particularly highlighting the memory chip sector, which has seen significant gains. Micron Technology, a key player i... Read original →

The AI stock frenzy has triggered a technical bubble warning—memory players are pricing in 2026+ capex before HBM4 even scales. Samsung and SK Hynix’s aggressive EUV capacity ramp will force Micron into a painful trade-off between pricing and yield. If HBM4 volume shipments slip to 2027, current valuations collapse. Geopolitically, tightening U.S. export controls on advanced memory and de-sinicization pressures in Taiwan, China raise compliance costs across the board. Anticipating demand inflection, Samsung may undercut Micron in North American AI servers with cheaper DRAM, while Western Digital and Kioxia could consolidate NAND output to stabilize prices. Over the next 18 months, the market shifts from “AI narrative” to “cash flow validation”—second-tier vendors lacking HBM design wins or EUV ramp capability face early exits.