Why Micron Technology's Stock Could Fall After July 10 - The Globe and Mail

This article analyzes the potential for a decline in Micron Technology's stock price following July 10, 2026. The primary reason is SK Hynix's planned listing on the Nasdaq, which will position it as ... Read original →

SK Hynix’s Nasdaq listing is not merely an IPO—it’s a recalibration of global memory power dynamics. With 60% HBM market share tightly integrated into NVIDIA’s AI stack, this move intensifies technological pressure on Micron, especially in HBM4 and CoWoS packaging co-optimization. Regulatory scrutiny under U.S. foreign investment rules may raise SK’s localization costs but bolsters its 'non-China-dependent' appeal to ESG-focused capital. In response, Micron will likely accelerate partnerships with TSMC and Taiwan, China-based OSATs to shorten lead times while lobbying for tighter U.S. export controls on HBM to shift competitive focus. Over the next 12–24 months, HBM capacity battles will morph into geopolitical tech alliances. If Micron fails to mass-produce HBM4 and secure inclusion in mainstream AI server BOMs by 2027, its current valuation surge may prove unsustainable.