Chip stocks experienced a major sell-off on August 11, 2026, affecting Micron Technology and Nvidia.

The entities involved

• Micron Technology →

  American multinational corporation based in Boise, Idaho

  • Sumitomo Mitsui Trust Holdings, Inc. decreased its position in Micron Technology shares on November 1, 2026.14:06
  • A tech sell-off began in New York markets, driven by rate hike concerns and hawkish commentary from the FED.13:28
• Nvidia →

  American multinational technology company

  • Michael Burry has initiated bearish bets against several tech companies, including Tesla, Applied Materials, and Nvidia, and shorted Micron stock.16:52
  • Intel is expanding U.S. factories with investments from the Trump administration, navigating fierce competition from companies like Nvidia and AMD.13:20

Related events

• Chip stocks, including Nvidia and Micron, declined in premarket trade following poor guidance from Intel and disappointing earnings from Amazon.Fri 10:09
• Traders are favoring individual chip stocks over broad market indices, with Micron and Nvidia being targeted by AI and memory bets.Oct 15
• A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Jun 23
• Semiconductor stocks like Nvidia and AMD support Nasdaq strength, but market caution is rising due to hawkish FED policy.Jul 28
• Micron, AMD, Nvidia, and Microsoft are identified as key lead stocks competing in the high-growth semiconductor market driven by AI investment.Jun 30