Memory‑chip stocks tumble as Texas election fuels data‑center concerns
Micron Technology, SK Hynix and SanDisk fell sharply after Democrat Gina Hinojosa won the Texas governor’s race, raising fears of state‑level data‑center moratoria. Analysts warned that the political shift could slow AI‑related data‑center construction, which accounts for a large share of future US capacity. The sell‑off was amplified by Qualcomm’s weak handset results, adding further doubt to memory demand.
Why it matters
Goldman Sachs and Yorkville Ives note that a slowdown in data‑center builds could temper demand for DRAM and NAND, potentially easing pricing pressure for chip makers. Qualcomm’s 26% YoY handset sales decline to $5.14 billion also signals weaker consumer‑electronics demand that could impact memory sales.
Key facts
- 1Micron shares fell about 7% to $795.23. news.jkn.co.kr
- 2Texas accounts for about 27% of planned US data‑center capacity. invezz.com
- 3Democrat Gina Hinojosa defeated incumbent Governor Greg Abbott in the Texas gubernatorial race. invezz.com
- 4Qualcomm handset sales dropped 26% year‑over‑year to $5.14 billion. tipranks.com
- 5Micron’s fiscal Q4 revenue was $54.23 billion, a 379% annual increase. tipranks.com
- 6Micron projected fiscal Q1 2027 revenue of $61.5 billion. news.jkn.co.kr
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.