Micron Technology (MU) and its memory peers are bearing the brunt of a fierce market selloff on Tuesday, which has been the case this month. Micron declined 8% while SanDisk plunged 15% in the session.
Micron (MU) is transforming from a cyclical commodity business to a contracted model, underpinned by 16 take-or-pay agreements through 2030 covering ~$100B in minimum revenue. Q3 2026 was a record quarter: $41.46B revenue (+346% YoY), 84.9% gross margin, $25.11 EPS, and a net cash position of $24.4B. MU trades at
Investors are worried about China's domestic supply of chips and manufacturing tools, analysts noted.
The artificial intelligence boom has created one of the broadest rallies the semiconductor industry has experienced in decades.
Memory and storage stocks are getting hammered again in Tuesday premarket trading.
Shares of China's ChangXin Memory Technologies exploded onto the Shanghai A-share market on Monday, July 27, 2026, closing up roughly 466% after intraday gains reached as much as 531% to 535%.
Memory and storage stocks came under heavy selling pressure on Monday after Chinese memory chipmaker ChangXin Technology Group (CXMT) made a blockbuster stock market debut, and reports emerged that China has begun manufacturing domestically developed deep ultraviolet (DUV) lithography machines. The twin developments heightened investor concerns that China's semiconductor industry is rapidly closing the technology gap with global leaders, putting pressure on established memory manufacturers.
CXMT had a strong public debut in Shanghai, and now investors are weighing the prospect of a manufacturing breakthrough that could make China's chip industry more competitive.
Memory and storage stocks are selling off sharply Monday morning as the broader NASDAQ 100 rises and falls.
Micron (NASDAQ:MU | MU Price Prediction) isn't the only red-hot memory chip stock in town for U.S.
Micron faces a longer-term competitive challenge after CXMT's Shanghai debut gave the Chinese memory-chip maker access to billions that could fund a rapid expansion in conventional DRAM. MU closed at $920.95 on Friday, down 6.9%, before CXMT started trading on Monday.
Semiconductor stocks are resuming their recent slide.