Micron Technology is trading 3.48% down at $194 after Netlist initiated new ITC and federal-court proceedings alleging infringement of four DDR5 memory patents.
- The proceedings could create potential import restrictions for products central to Micron’s AI-server business.
- The decline is also amplified by a broader semiconductor sell-off, rising Treasury yields, higher oil prices, and weaker technology-sector sentiment.
- The company-specific legal overhang appears to be the primary catalyst, reversing momentum from Micron’s recent rally.