🔴 Micron Technology is trading 3.27% down today after Apple may source memory from Chinese suppliers amid broader sector decline

Micron Technology is trading 3.27% down now at ARS 297650.00.

• The decline follows reports that Apple may source DRAM from CXMT and NAND from YMTC for products sold in China, raising concerns about Micron’s potential market share and future competition.
• This negative sentiment was amplified by a broader downturn in memory-chip and semiconductor stocks, influenced by factors such as Samsung's disappointing capital-return announcement and general profit-taking.
• Analysts noted that Chinese suppliers like CXMT may face qualification and capacity limitations.