🔴 Micron Technology is trading 7.8% down today amid a memory-chip rout and rising Chinese competition

Micron Technology is trading at $171.50 (-7.80%) as memory and AI chip names sell off sharply.

• The decline is driven by growing fears that DRAM prices are peaking and that Chinese competitors are intensifying pricing pressure.
• Sentiment is further weighed down by a broader tech selloff and investor caution regarding AI spending ahead of major earnings reports and the upcoming Fed meeting.