NEW YORK, August 3, 2026, 10:14 EDT
- Micron dropped 3.5% to $794.59 at 09:59 EDT, having previously hit a session low of $771.30.
- Spot prices for DDR5 and DDR4 rose on the day, climbing by 0.72% and 0.57% respectively.
- The projected equity-value drop of $32.6 billion amounts to 1.8 times Micron’s most recent quarterly adjusted free cash flow.
Micron Technology, Inc. NASDAQ:MU dropped 3.5% to $794.59 during early trading on Monday after a new report about Chinese competitor ChangXin Memory Technologies SHA:688825, known as CXMT, renewed concerns about potential future supply risks for the stock. The price was noted at 09:59 EDT. During the session, Micron touched a low of $771.30.
The decline in shares…
