MU.TO is trading at CA$39.47 (-3.28%) as hotter-than-expected September CPI revived fears of further Fed rate hikes, pressuring rate-sensitive technology stocks.

  • Memory shares also faced pressure amid concerns that China’s CXMT is advancing denser DRAM and plans server-memory products, raising competitive and supply risks.
  • Micron and SK Hynix were reported lower in pre-market trading, while wider concerns about AI investment financing added to chip-sector selling.