Why Micron Stock Dropped on Monday
Micron (Nasdaq: MU) stock sank 4.2% through 10:55 a.m. ET Monday — and it’s no great mystery why.
Three months ago, worries about the durability of artificial intelligence combined with the threat of new competition in memory chips from China to shave 36% off Micron’s stock price.
An IPO by Chinese DRAM company ChangXin Memory Technologies, or CXMT, sparked much of the selling. Today, CXMT is back in the news.
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