Memory chip stocks are falling again: Why Micron, SanDisk, WDC, and Seagate keep getting hammered

It has been a bruising 24 hours for investors in memory chip storage companies, including Micron Technology, Inc. (Nasdaq: MU), SanDisk Corporation (Nasdaq: SNDK), Western Digital Corporation (Nasdaq: WDC), and Seagate Technology Holdings (Nasdaq: STX).

Yesterday, all four leaders in the memory chip space ended the day significantly lower.

Here’s what’s happening—and why some are questioning whether the RAM shortage that has driven these companies’ stock prices to new heights will soon come to an end.