TradingKey – Micron falls for four straight sessions to hold $950, with risk of further decline exceeding 20%.

On October 13 Eastern Time, after Micron Technology (MU) lost the $1,000 mark following three consecutive drops, its stock fell nearly 3% further in today’s pre-market session, sliding to a low of $950 and trading around $960.2.

The core catalyst behind this continuous pullback in Micron’s stock price is the 4F² DRAM technology breakthrough by China’s ChangXin Memory Technologies (CXMT). Although Micron boasts a strong moat in AI high-bandwidth memory (HBM3e/HBM4), the market is concerned that CXMT’s capacity expansion and mass-production progress in commodity DRAM and server memory could over the long term erode the market…