Sandisk, Micron, and Intel lead the S&P 500 in 2026 with gains up to 780%, driven by AI memory demand. Tokenized equity products now offer on-chain

After dominating markets in 2026, AI-tied memory and semiconductor stocks are losing momentum, raising the question whether capital will shift back into bitcoin.

Micron stock is up nearly 700% in a year on AI memory demand, sparking stock split talk and a tokenized version of MU shares on Ethereum via Ondo Finance.

Micron has long been Wall Street's AI memory favorite, but SK hynix's Nasdaq debut pits Nvidia's top memory suppliers on one exchange.

Sandisk, Micron, and Intel lead the S&P 500 in 2026 with gains up to 780%, driven by AI memory demand. Tokenized equity products now offer on-chain

Shares of chip makers like Micron Technology and Sandisk have helped carry the market over the last year.

Micron's 170% stock surge in 2026 highlights extreme concentration in the memory chip market, raising risks for tech equities and correlated crypto assets.