Morgan Stanley sends clear message on semiconductor stocks after selloff
By Silin Chen
Published on March 27, 2026.
Semiconductor stocks have been under pressure over the past month, with the iShares Semiconductor ETF (SOXX) dropping roughly 10%. This comes after Google (GOOGL) introduced TurboQuant, a compression method that could reduce the memory required to run AI models by 6x. This led to a sell-off in memory names, including Micron (MU) and Sandisk (SNDK). Morgan Stanley believes this is not the start of a bigger downturn but a healthy pricing in of durability concerns. The firm maintains over-over ratings on memory names Micron and SanDisk, with price targets of $520 and $690 respectively.
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