Micron Technology (NASDAQ: MU) shares declined on October 12, 2026, after Chinese semiconductor manufacturer ChangXin Memory Technologies (CXMT) announced progress in next-generation memory technology, raising concerns about competition in the global DRAM market.

Micron fell approximately 3%–4% during Monday’s session, trading near $990–$1,000. The decline extended a broader retreat in memory stocks, with SK Hynix and Samsung Electronics also losing ground.

• Micron Technology (NASDAQ: MU) shares fell approximately 3%–4% on October 12, trading around $990–$1,000 as China’s ChangXin Memory Technologies (CXMT) announced progress in high-density DRAM technology.
• Wall Street’s average 12-month Micron price…