Micron stock sinks toward worst monthly drop in 11 years as China fears escalate
Micron's stock is sliding sharply as investors worry about China's domestic supply of chips and manufacturing tools, analysts noted. The chipmaker is on track for its worst monthly drop in 11 years.
Shares of chipmaker Micron are facing a sharp sell-off as investors grow increasingly worried about China's domestic supply of chips and manufacturing tools, analysts noted. The concerns have rippled across the broader semiconductor sector.
The decline is part of a wider industry sell-off that has also deepened losses for other major chipmakers including AMD and Nvidia. Trading on South Korea's Kospi index was also paused temporarily amid the turmoil.
Micron's losses this month put it on track for its worst monthly performance in 11 years. Market watchers are closely monitoring whether optimism around the AI investment cycle can hold.
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