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Micron stock steadies as Taiwan Semiconductor rules out entering memory-chip market

Market News
09 Nov 2026, 14:07 WIB
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Neutral
Micron stock steadies as Taiwan Semiconductor rules out entering memory-chip market

Micron Technology's shares showed slight declines but found some relief after Taiwan Semiconductor Manufacturing (TSMC) dismissed rumors about entering the memory-chip market. This development eases a significant competitive threat for Micron, whose stock has more than doubled this year. Investors are watching closely as the chip industry faces ongoing volatility and competitive pressures from major players like Nvidia and AMD.

Micron Technology's stock trades at USD 688.01 on Pluang as of Nov 09, 2026 19:12 WIB, down slightly by 0.29% in one day. Despite this, the current price remains well below its 52-week high of USD 1.21K but far above its 52-week low of USD 201.37, highlighting significant volatility within the year. The stock's market cap stands at $780.68 billion, reflecting its substantial size in the tech sector.

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