Micron Stock Drops Amid Concerns Over Demand and Supply Chain Shift
Micron Technology (NASDAQ:MU) stock fell by about 2% as concerns grew over the sustainability of demand for DRAM memory chips. The drop was triggered by reports that Apple is seeking U.S. approval to source cheaper DRAM from Chinese supplier CXMT instead of Micron and Sandisk, potentially undermining pricing power in a key segment.
Topics: Apple CXMT DRAM supply chain memory pricing Micron