MU.TO is trading at CA$43.55, down 3.27% on September 10, 2026, as memory-chip shares sell off across the sector after Kioxia tempered expectations for further rapid DRAM and NAND price growth.

  • Kioxia CEO Hiroo Ota said prices had risen sufficiently and instructed sales teams not to pursue substantial additional increases.
  • Technology stocks are underperforming as elevated producer inflation and firm Treasury yields revive rate concerns.
  • The decline is best characterized as sector-led profit-taking, with macro risk sentiment adding secondary pressure.