Memory chip stocks including SK Hynix, Samsung, and Micron have dropped significantly due to worries over competition from China's CXMT and potential oversupply by 2029. CXMT's new server memory design raised concerns about market share loss, though analysts doubt its immediate impact. Additionally, forecasts suggest a surge in memory supply by 2029 could lead to a market downturn, but some experts believe the memory market's new long-term agreements may soften price declines. Investors are closely watching whether the traditional boom-bust cycle in memory prices will change amid rising AI-driven demand.
Micron Technology shares are down 4.24% on Pluang as of Oct 15, 2026, 19:01 WIB, trading at USD 875.39. The stock's market cap stands at $1.03 trillion with a dividend yield of 0.07%. Investors on Pluang show a 59% buy interest amid ongoing concerns about memory chip supply and competition.
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Micron Technology's stock dropped from $1,097 to $953 following earnings and news of CXMT's new DRAM cell design, which added pressure to an ongoing semiconductor market selloff. The company's $134 billion in contracts are valued at minimum prices, w...
