Why Is Micron Stock Still Dropping?
Micron (NASDAQ:MU) stock fell for a fourth straight day Thursday, continuing a rout that began with Monday’s announcement that Chinese DRAM company ChangXin Memory Technologies, or CXMT, has invented “4F square” technology to increase DRAM storage density — and may soon be coming for Micron’s market share.
Micron stock is down 2.8% as of 10:35 a.m. ET, and down 13.5% so far this week.
Image source: Micron.
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