Memory stocks slide as midterm-linked rotation hits Micron; Counterpoint data shows DRAM revenue surge

Micron shares fell after losing nearly 7% on Wednesday, November 4, and were marked down again in early trading on Thursday, November 5, as investors rotated out of chip and AI-linked names following the U.S. midterm elections. The selloff came alongside Counterpoint Research data showing global DRAM revenue rose 369% year over year in the third quarter while bit shipments grew only 4% sequentially. Counterpoint also expects server demand to lift DRAM prices in 2027, while warning that higher costs could weigh on consumer devices.

1. Micron fell about 3% in premarket trading on November 5, 2026 after losing nearly 7% on November 4
2. Counterpoint Research: global DRAM revenue up 369% year over year in Q3, bit shipments up 4% sequentially
3. Counterpoint: DDR revenue up about 500% and LPDDR revenue up nearly 400% year over year
4. Counterpoint expects server demand to push DRAM prices higher in 2027