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AI Bubble Warning Hits Memory Chip Stocks as SanDisk, SK Hynix, Micron, Samsung Turn Bearish

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2026-07-14 12:25:39
Memory chip stocks are showing bearish reversal patterns after a hot 2026 rally, with SanDisk, SK Hynix, Micron and Samsung Electronics all flashing breakdown signals. According to BeInCrypto, the trigger came after Bank of America’s Bubble Risk Indicator hit 0.91 out of 1 for semiconductor stocks on July 1, when the SOXX chip ETF fell 6.4% in a day.

SanDisk (SNDK) fell to $1,673 and is tracing a second double top; SK Hynix broke a head-and-shoulders neckline; Micron (MU) is forming a head-and-shoulders top; and Samsung broke a double top on July 8 despite relative strength.
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