TradingKey –Â Micron Technology (NASDAQ: MU) is down 5.63% to $878.84 on Friday, October 16. It is currently about 28% down from its record close of $1,213.56 on June 25. However, it is still up a phenomenal 385% from last year.
My take is that this selloff is more due to competitive and labor risk than fundamental breaks. Chinese CXMT is targeting Micron’s profitable server DRAM. Meanwhile, Micron’s largest production base in Taiwan is facing union pressure. The Taoyuan union is holding a rally in Taipei today (October 19), that is non-strike in nature.
The Fundamentals Remain Exceptionally Strong
The latest quarter, Fiscal Q4 2026, was Micron’s best quarter ever. Revenues came in at a record $54.2 billion, which is a 31% sequential…
