🔴 Micron Technology is trading 5% down today amid CXMT’s reported progress on denser 4F² DRAM

Micron Technology is trading at $938.89 (-5.07%) as investors react to CXMT’s reported progress on a denser 4F² DRAM design.

• CXMT plans to introduce a server-memory product using the technology by year-end, raising concerns about future competition and memory pricing.
• Reports describe declines across global semiconductor and memory shares as CXMT’s plans draw attention; major U.S. indexes were mixed, rather than showing a broad-market selloff.